Post by
drbob512 on Jul 21, 2020 10:23pm
T.A. for S&P 500 Tues:
I havent posted T.A. for S&P 500 for a few weeks as it appeared to be in a firm rading range betw 3000 and 3230 but broke above that double top in recent days, after 3000 support had held a few wks ago when bears failed to push it down below 3000. While the S&P could consolidate for a few days, once it broke above 3230 resistance, odds favor a test of ATHs @ 3393, in the weeks ahead altho 3300 may provide some resistance temporarily. Last week value stocks were strong but they have given way to growth stocks several times since April, and likely will do it again if they havent already dine that this week.