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Market Turning Points And Trading
In a recent premium report, I reviewed interesting Market turning points that are showing up across various sectors. I'd like to share some of that with you now. Please note that most of this information was released in the weekend report of May 21st or within previous reports.
S&P 500 - SPX - We see a mild pullback in the General Markets after a strong rally. Not even a 38.2% retrace yet. Many advisors were becoming very bearish and pointing to a possible H&S pattern, with a big drop to come. I see that H&S pattern, but they often fail, as I was more focused on a few other areas that indicated the markets were going to break out higher, not lower.
Read More Many sectors of the market look ready to break one way or the other. Can we gain an edge as to which way they will go, or is it just a coin toss? Lets take a closer look.
This was the NASDAQ at the close on Monday. It was pushing against resistance in various forms.
Notice what seems to have showed up by the close today...
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