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!
Comments
PeterT
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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 ;)
wakproductions
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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.