Technical Outlook: S&P 500 (SPX) for a third straight day, tested the 2120 support level and held it. There hasn’t been a strong, sustained bounce off of this price level though to suggest the market is done with the current sell-off. On the SPDRs S&P 500 (SPY) volume has decreased for a second [...]
VIX back at critical support. Can it bounce here? For the past two years it has done so religiously and in the process has stalled out any market rally that was underway. Which is interesting because the current market is rallying to new all-time highs, but remember how the past [...]
This rally has come out of nowhere, and it is doing it completely overbought prior to today. The run-up into two key resistance points that conjoined at one specific price point, creates the potential for the market to fail here and not have anything left in the tank that would [...]
