JimMakos

Will US Stock Market's Rally Slow Down a Bit?

INDEX:SPX   S&P 500 Index
236 2 0
http://goo.gl/0yDveO Three technicals suggest a S&P 500             retracement (Double Top, MACD divergence, and declining RSI ). Yet, bullish candlestick patterns (shown in green circles) confirm buyers' interest.

What do you think?

1. New breakout, new highs.
2. Resistance holds, S&P 500             pulls back.

You don't have to be trading stocks to make a prediction!
wakproductions
2 years ago
A lot of individual stocks seem to be topping out. Good earnings releases yet stalled price action. Not to mention the run up in Q4:13. I think we pull back to 1870 before heading higher.
Reply
PeterT
2 years ago
It seems we got a pullback, maybe between 5% to 8% from the higher, then we still go up. Do not fall in love for the downside ;)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out