You are here: Home1 / Exclusive Strategies
Keeping in mind that we have the French Elections on Sunday and the results can cause a short term reaction, let's review the market action from last week and our current expectations.
SPX WEEKLY - The SPX finally broke to new highs last week ( We know that the Nasdaq has been running like a bull).
SPX - The SPX will be due to drop down into its own ICL soon. In the past the 200ma has been rather reliable as a support. Since the 200 is rising, maybe the SPX will see 2300? As you can see from previous drops down into an icl, a drop like that can take a few weeks once it starts to roll over. "Sell in May and go away?"
Read MoreLets get right to the report...
Read MoreHonestly, there was little permanent reaction when the Fed decision was made known, but we can't say that a lot changed. Expectations remain the same, so lets review these markets....
SPX - This was in yesterdays report, please read the chart. Also the signs of improvement in the XLF continued.
DJIA - I expected a dip, but this reversal after the Fed may have follow through upside. This consolidation could be forming an inverse H&S.
Read More
Scroll to top
