Tag: XHB

S&P in Orderly Low Level Consolidation Phase

recent trading actions leaving the S&P in what looks to us like an orderly low level back-and-forth consolidation of the May downswing. There is a high probability that the upper and lower limit of a short-term trading range has been set between the 2800 and 2900 levels on the S&P

S&P in Consolidation Phase

after the early March massive rally, stocks digested their gains in a consolidation phase that is giving way to a pullback in the S&P. Support is strong in the 2800 area. We’d turn particular bearish if the index closes twice below that level

Next Page »