The major indexes have started the week off on a positive note Monday morning. Here’s a list of charts that Brean Capital technical analyst Frank Longman is watching this week.
For the Daily SP500 E-mini, Longman believes “there’s an inclination to test the primary uptrend at 2007 before a new high.” He is predicting a bounce off of that trend line on the first test.
Media stocks were hit hard last week, and Longman is looking for the group to test long-term support levels. “The damage thus far has us thinking that a correction of the uptrend that began at 2011’s lows has begun and we’ve labeled ...
/www.benzinga.com/analyst-ratings/analyst-color/15/08/5751620/7-technical-charts-to-watch-this-week alt=7 Technical Charts To Watch This Week>Full story available on Benzinga.com
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