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Listen to Mark S. Young's Interview on MarketView
830 Views · 36 Replies ( Last reply by CLK )
In a tight-range market with dojis in full bloom, one has to be patient and trade what the market presents, even if this is a pittance compared with the high volatility environment of the past few months. Please come back, Volatility!
Basically, SPX 2792 has been a resistance level during the past few days and SPX 2760/65 is the strong support zone.
Bearish below SPX 2792, bullish above, stand on the sidelines if bored by the going-nowhere-real-fast SPX action, or trade the NASDAQ but beware of fake rallies in an exuberant NASDAQ/RUT market that seems to be pulling in swarms of latecomers, the ones who buy from the distributors.
291 Views · 5 Replies ( Last reply by ryanoo )
the weekly on the EEM is looking really bearish to me.
if China tanks very badly over the tariffs it will eventually drag the US markets also.
any comments ?