The S&P 500 closed smack on the trendline drawn on daily closing prices extended from the August 2022 and February 2023 highs. An up week this week would break that trendline. The bulls would then be in charge. If the market sells off this week, bears would then have the ball. We might even consider shorting opportunities, if you can believe that.
But are there any tells that suggest which way this will break? Yes. Non subscribers click here to access.
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These reports are not investment advice. They are for informational purposes, intended for an audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance.