Weekly Stock Market Commentary 8/19/2022
[ad_1] By Lawrence G. McMillan After breaking out over 4170 last week, $SPX wasted little time rising to the 4300+ level and bumping into resistance in the form of the…
[ad_1] By Lawrence G. McMillan After breaking out over 4170 last week, $SPX wasted little time rising to the 4300+ level and bumping into resistance in the form of the…
[ad_1] By Lawrence G. McMillan Stocks have continued to rally from the June lows, with the rally picking up steam over the last three or four weeks. But now it…
[ad_1] By Lawrence G. McMillan Stocks are continuing to rally, and for the first time in a while there is a pattern of higher highs and higher lows, at least…
[ad_1] By Lawrence G. McMillan The blue downward trend lines on the $SPX chart (Figure 1) tell us that this is still a bear market (lower highs and lower lows).…
[ad_1] By Lawrence G. McMillan The downtrend lines are still in place on the $SPX chart, but the short-term outlook has improved greatly. the rally that began on July 15th…