May, 17, 2019
By Lawrence G. McMillan$SPX bounced off of strong support at 2800 on Tuesday, and then fell back from resistance at 2890-2900 on Thursday, so for now $SPX is in trading range between 2800 and 2900 (...
May, 13, 2019
By Lawrence G. McMillanSupposedly because of the China trade talks, but probably as much because the market was overbought and tired. $SPX headed lower this week. Several support levels have since...
May, 03, 2019
By Lawrence G. McMillanThe Fed announced that they weren't planning on cutting rates at this time. That was a "shock" to the media, but probably not so much to traders. In any case, $SPX sold off...
May, 02, 2019
By Lawrence G. McMillanSeveral of our indicators generated sell signals at yesterday’s close – mBB, weighted equity-only put-call ratio, and both breadth oscillators. Stocks had been grinding higher...
Apr, 26, 2019
By Lawrence G. McMillan$SPX made a new all-time closing high this week. The $SPX chart is strong and bullish, although the internals as represented by some of the other indicators are not nearly as...
Apr, 22, 2019
By Lawrence G. McMillanThe $SPX chart itself is fine. It is rising, with all trend lines moving higher, including the "modified Bollinger Bands." There should be support near 2850, and perhaps even...
Apr, 12, 2019
By Lawrence G. McMillanThe “mistake” that the market often makes is getting too complacent during rally phases. One of the signs of complacency is extremely low volatility. Part of this is...
Apr, 12, 2019
By Lawrence G. McMillanOverall, the $SPX chart is bullish. The trend lines and Bands are all moving higher (even the 200-day Moving Average is edging higher), and the only resistance area of...
Apr, 08, 2019
By Lawrence G. McMillanOn Monday of this week (April 1st), $SPX resoundingly broke out to the upside, clearing the 2860 resistance level. That breakout also improved both the put-call ratios and the...
Mar, 29, 2019
By Lawrence G. McMillanAs it stands now, $SPX is in a trading range between those extremes of the past week: 2785 to 2860. Indicators have become mixed during this pullback, so probably the best...
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