SP-500: Bullish reversal is in play and now it needs to overcome resistance @ 3984 to confirm legitimacy. 10-Yr Note Yield: Bullish reversal is indicating a resumption in rising rates. Bitcoin: Selling has ceased and another bullish reversal pattern has formed to establish a higher low on the recent pullback. This translates into continuation of the bullish trend.
Against the backdrop of such a fundamentally weak landscape, market breadth was disturbingly narrow as advancers represented only a third of components in the SP-500 or Nasdaq-100…
From a weekly technical perspective, despite the market ‘s decline, It’s premature to call a trend reversal. Lows are still higher than previous lows. Right now the market is…
The SP-500 broke above a key-resistance level and made a new 30-day high while the Nasdaq-100 is close to retesting its all-time high. Also distinguishing themselves were the…