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Breakdown Before Monthly Jobs Data Release, New Downtrend?
October 5, 2018, 7:26 AMStocks sold off on Thursday, following the S&P 500's breakdown below its three-month-long upward trend line. The market retraced its recent advance, but it remained above the late January local high. So is this a new medium-term downtrend or still just a correction within an uptrend?
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Topping Pattern or Just Consolidation Before Another Leg Up?
October 4, 2018, 7:23 AMWednesday's trading session passed with no significant changes, as stocks extended their short-term fluctuations following the recent advance. The S&P 500 index continues to trade relatively close to its late September record high. Is this a topping pattern or just a consolidation before another leg up?
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Blue-Chip Stocks at New Record, S&P 500 Goes Sideways
October 3, 2018, 7:20 AMStocks were mixed on Tuesday, as investors hesitated following the recent advance. The S&P 500 index retraced most of its decline following bouncing off its September the 21st record high. Is this a new uptrend or just topping pattern before some more meaningful downward reversal?
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S&P 500 Bounces Off the Trend Line Again
October 2, 2018, 7:32 AMMonday's trading session was mixed as the S&P 500 index retraced most of its recent decline following bouncing off its September the 21st record high. Is this a new uptrend or just topping pattern before some more meaningful downward reversal?
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Uptrend to Continue?
October 1, 2018, 7:12 AMStocks were virtually flat on Friday, as investors continued to hesitate following the recent record-breaking rally. The S&P 500 index remains close to its September the 21st record high, but will it resume its uptrend?
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