Bear Trap, Bull Trap, Chop Chop! When the market action is driven by pure technicals and market-propping/bashing headlines, it could be prudent to sit on the sidelines to discern some clarity. While the bull trap we cautioned about has materialized fully, the market is now right in the middle of precariously stubborn support (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 06/5” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Growing expectations that the Fed will rescue the economy from falling into recession gave the S&P 500 index a strong boost. The index rallied after the Fed Chairman Jerome Powell signaled at a (more…)
