Our analysis is for the S&P 500 to roll over into the middle of the week, before it begins the rising phase of a new market cycle. If you focus on the technicals of this market, things look pretty good. The chart is bullishly configured and the current cycle has brought us to a new cycle high. While the technical factors remain positive, we see the bond market rising and the dollar starting to weaken. That has us skeptical that the stock market will able to rise much further, as it could mean that money flow will be moving away from the stock market soon.
This Week In Stocks - Sunday, August 26
Our analysis is for the S&P 500 to roll over into the middle of the week, before it begins the rising phase of a new market cycle. If you focus on the technicals of this market, things look pretty good. The chart is bullishly configured.
Disclaimer:
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