Weekly Newsletter   Challenge account   Weekly Newsletter   


Market Outlook

The market, again, started on a very strong note in the morning, rallying over 1% (at some point, even 1.5%), but then, but the end of the day, it again lost steam and paired almost all gain. As you can see, we are at the 200-day MA, and bears are trying to short the market here. Today candle is a shooting star (though not bearish), and that can push the market lower. The VIX is in strong contango, so the odds are bullish, but we may have a hard time breaking the resistance at 200-day MA. DOW broke the 200-day MA, so we may see SPX follow. As of now, it is a mixed bag. We may still be heading higher by the end of the year.

Market Outlook

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Your email address will not be published.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 *