Join Larry McMillan as he discusses the current state of the stock market on November 13, 2023.
Join Larry McMillan as he discusses the current state of the stock market on November 6, 2023.
Join Larry McMillan as he discusses the current state of the stock market on January 29, 2024.
The dominating feature of the $SPX chart is the downtrend. Lower highs and lower lows: that's all you really need to be aware of. Don't overthink it. New lows were made again this week. So, we are still carrying a "core" bearish position.
Join Larry McMillan as he discusses the current state of the stock market on October 16, 2023.
Last week, $SPX had pulled back to support at 4200 and also to its rising 200-day Moving Average. A rally has taken place since, verifying the worth of those items as support for the market. However, $SPX is still in a downtrend (red lines in Figure 1), and that makes it a bearish chart by definition.
Join Larry McMillan as he discusses the current state of the stock market on October 9, 2023.
Join Larry McMillan as he discusses the current state of the stock market on October 2, 2023.
