Aug, 13, 2018
By Lawrence G. McMillanThe double top in $SPX in 2000 led to a huge bear market. Could it be happening again? To their credit, I have heard a few (very few) market commentators on TV mention the fact...
Aug, 13, 2018
By Lawrence G. McMillanStocks continue to press onward, trying to reach the January highs at 2870. Volatility has slowed tremendously, giving the impression that $SPX is struggling to reach those old...
Aug, 03, 2018
By Lawrence G. McMillanWhile the $SPX chart remains bullish, in that it is in an upward-sloping channel, there are some troubling signs beginning to appear, including a verified "modified Bollinger...
Jul, 23, 2018
By Lawrence G. McMillanWhen $SPX broke out above 2740 two weeks ago and then followed that with a breakout over 2790, it seemed that further gains were certain. However, the market has stalled just...
Jul, 16, 2018
By Lawrence G. McMillanThe low-volume rally of last Friday (July 6th), finishing up the holiday week, was a breakout over resistance at 2740. That has spurred a strong, quick move to the next...
Jul, 09, 2018
By Lawrence G. McMillan$SPX has broken out over resistnace at 2740. This gets it out of the 2700-2740 trading range that is been in for several weeks. The 2700 level has been support and/or...
Jun, 29, 2018
By Lawrence G. McMillanLast Monday (June 25th) $SPX gapped down below support at 2740, and a rout was on. Within a few hours, $SPX had fallen all the way to the next support level at 2700. The rest...
Jun, 22, 2018
By Lawrence G. McMillanStocks have had trouble advancing since June 11th, which is when the strong rally that began on May 29th petered out. This week, especially, has seen a pullback that reached...
Jun, 18, 2018
By Lawrence G. McMillanThe most positive thing one can say about the $SPX chart is that the major downtrend lines have been broken, and the gap at 2750 has been filled. Beyond that, the bulls have...
Jun, 11, 2018
By Lawrence G. McMillanThe island reversal gap on the $SPX chart was finally filled, at 2750, this past week. That moves the $SPX chart out of "bearish" status, but it is still badly lagging indices...
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