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The general stock market is still in an uptrend. It is currently taking a rest I believe and a sideways movement is very healthy for the stock market. A market that goes up non-stop is not very good in the long run.
In summary, we are still in a very bullish market and in a strong uptrend. There is no cause for any worry at the moment as long as the SPY holds the support in the 60 min charts.
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Nov 23, 20 09:05 AM
After breaking out of a downtrend line, the S&P 500 still looks bullish for the near term.
Nov 17, 20 05:26 AM
After the news of Tesla being added to the S&P 500, it is gapping up pre-market.
Nov 09, 20 06:56 AM
After the elections, the S&P 500 is now breaking out of a triangle pattern.
Oct 23, 20 08:22 AM
The US stock market seems to point to a Republican victory. It is still in an uptrend and therefore we should continue to remain bullish.
Jul 13, 20 07:44 AM
Here is a technical outlook for the US stock market.