The market recovered. Leadership didn't. That's the bigger problem.
Still stuckSPX remains stuck inside the range that has been in place since early May. The recent bounce from the lower end of that range, just above the 100-day moving average, has been textbook.Futures are now approaching the first resistance around 7,600, with the upper end of the broader range coming in near 7,700.
The easy bounce is over. SPX is approaching resistance. Semis aren't leading. Downside protection has been crushed. And one…
Options traders and market makers in Chicago were quick to buy dips below 7,500 in the benchmark index Friday, but almost as…
Money is not leaving the market. It is rotating hard, and the tape will not settle until the crowd finishes repositioning...
The S&P 500's recent record-breaking run hit a wall, and some chart watching technical analysts now see consolidation coming.
Mike Santoli looks at how the S&P 500 has spent nearly four months in an unusually tight range, repeatedly failing to sustain…
We are bearish on the assumption that this market leadership will remain durable for another 12 to 18 months without a meaningful…
