Click to Enlarge
The daily chart of the S&P 500 shows that it has closed above the 200-day MA for the past six days. The longer-term resistance line in the 949-951 area has so far limited the upside. The Summation Index has not yet confirmed the new highs and a drop below last week's lows will indicate a correction is underway.
Subscribe to MoneyShow’s daily investment newsletter Top Pros' Top Picks and get actionable advice from our top experts, including the hottest stocks to buy and sell, ETFs and funds for short- and long-term capital appreciation, and a wide variety of dividend-paying stocks set to deliver a steady stream of safe, reliable income.
Get an edge on the markets with our three-times-a-week trading newsletter, Trading Insights. Receive timely trade ideas covering stocks, options, futures, and more to keep you on the right side of the action. From trading basics to advanced strategies and high-probability set-ups, the insights you need from our all-star lineup of trading pros is delivered straight to your inbox.
