Weekly Newsletter   Challenge account   Weekly Newsletter   


Market Outlook Wednesday

The chart below shows the trend after-hours; as you can see, the market sold off heavily. During the regular hours, we finished down -0.61%, and after hours -1.60%. Thanks to Amazon’s rapid selloff (the stock lost 20% AH). But the VIX is positive and in contango. That gives some hope that we will see volatility and large swings but overall, the market will go higher. Also, the market reached (briefly) our 3,900 resistance, and this selloff is consistent with that. So, this may be a pullback that could be expected. AMZN is just an excuse.

Market Outlook Wednesday

If you want to learn more about our SPX weekly analysis, subscribe to our weekly newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *