RED ALERT AS TRUMP MAY TRIGGER SOME MONEY MANAGERS TO BEHAVE RECKLESSLY $SPY $DJIA $QQQ $AMZN $SPX $AAPL $FB $INTC $AMD $AMAT $NVDA
Two potential scenarios are developing in the U.S. stock market. Both should be considered red alerts by prudent investors.
Let’s explore with the help of a chart. Please click here for an annotated chart of S&P 500 ETF SPY, which tracks the benchmark S&P 500 Index SPX.
Note the following:
• The chart shows that the stock market has undergone a strong rally.
• The chart shows that the price action in the stock market after the breakout is subdued. This is a negative for the stock market.
• The chart shows that the top trendline is indicting a potential resistance zone.… Please click here or the title below to read more.
November 12, 2019