Best Stock Charts - S&P 500 Technical Breakdown?
Are we seeing the beginning of a bear market in the S&P 500? Our technical analysis of the quarterly chart is flashing warning signals that we are poised to break the lower band of the rising uptrend channel which began in 2009.
Video Length: 00:23:34
Symbols Are Reviewed In The Sequence: SPY, SPX, COMP, GS, LEE, BBW, ECC, FRAN, TUES, NVAX
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Are you bullish or bearish on $FRAN?
Hi great question. I have not done due diligence on $FRAN so I will answer with the assumption that there are no ongoing concern issues. That caveat being addressed I am bullish on the stock as an unsustainable extreme oversold trade. That does not mean that I love it first thing Monday. The probability of lower lows continuing is quite high. We are however nearing a point where a dead cat bounce should be expected. This is not an investment.
Good video but do yourself a favor and skip to the 1:35 mark so you can skip past the very long sales pitch.