Bulls and Bears Call it a Draw

YouTube Channel – Watch and Subscribe! The S&P 500 was basically flat for the week. After it was all said and done, the S&P 500 finished up a small .02%. The bulls had a great opportunity to break to the upside past the resistance from March, but they could not. The good for the bulls is that the bears also tried to reverse the price…

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Bears Fail – Now Bulls Turn

YouTube Channel – Watch and Subscribe! For a short week, it was a lot of action in the S&P 500. The index opened the week below short-term support. However, after the break of support, there was no follow through. So, what we have is a failed bear breakout. The difference between this week and the prior is that the S&P 500 finished this past week…

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S&P 500 Stalls Again

YouTube Channel – Watch and Subscribe! The S&P 500 finished the week up .31%. It was basically a neutral week. Neither the bulls or the bears could break out of the range created the week before. The S&P 500 continues to trade in a series of trading ranges. The longer the trading range persists, the more evenly distributed the probability of a break to either…

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Neutral Week for S&P 500

YouTube Channel – Watch and Subscribe! The S&P 500 finished the week up .52%. The bulls started the week out with a lot of strength, but they could not hold on. The later in the week it got, the weaker the grip the bulls had on the S&P 500. The bears were able to pull the S&P 500 back into the trading range that has…

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S&P 500 Bulls Stopped at Short-Term Resistance

YouTube Channel – Watch and Subscribe! Yes, the S&P 500 finished the week up 1.99%, but that what not enough to close above the current three week trading range. Goodness gracious, each time lately when the bulls are sitting on the cusp of making some headway, the bears come in and take the wind out of the sale of the bulls. We are about 15…

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S&P 500 Fails to Trigger Buy

YouTube Channel – Watch and Subscribe! The S&P 500 had a chance to pull off a buy trigger at the bottom of the range this past week. But, within a hair, the trigger was not set and the S&P 500 slid further to the downside. The S&P 500 finished down for the week and we are still above support. If we break support, a measured…

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S&P 500 Holds Support

YouTube Channel – Watch and Subscribe! The S&P 500 finished the short week up just a hair above 2%. The S&P 500 started the week on support and it held. This past week’s bar is an inside bar, which can be considered a buy signal given the context. To help strengthen the case for the bulls we have had three pushes down making a wedge…

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S&P 500 Tests Bottom of Trading Range

YouTube Channel – Watch and Subscribe! Bull / Bear Market The S&P 500 weekly performance proved to all the non-believers that the equity markets are not for the faint of heart. The S&P 500 closed the week down 5.95% after the bell saved the index from additional destruction. Although the S&P 500 has had a very difficult week, it is starting on support for the…

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S&P 500 Slides to Short-Term Support

YouTube Channel – Watch and Subscribe! The S&P 500 finished down 1.24% for the week after the dust settled. All said, the S&P 500 was down for the week, but it wasn’t too wild of a ride. The index basically traded down in the beginning of the week and then traded flat for the remainder of it. There was a breakout on the S&P 500…

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Bulls Advance Into Resistance

YouTube Channel – Watch and Subscribe! The S&P 500 finished strong on Friday to help post a weekly gain of 3.54%. The S&P 500 closed pretty much on the nose of where it finished it’s last leg up so it is coming into Monday at resistance. The bulls are seeing a double bottom and looking for a continued advance while the bears see a bear…

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