STOCK MARKET AT AN INFLECTION POINT — THIS IS WHAT TO EXPECT IF YOU BELIEVE TA $MU $AMD $FB $AMZN $AAPL $AVGO $ZS $ETSY $MDB $QQQ $SPY $DJIA $IWM
The U.S. stock market is at an inflection point. The key question for investors is, “What is next?” Some traditional TA (technical analysis) believers see a breakout happening. Let us explore with the help of a chart — if you believe in traditional technical analysis. From my view, traditional technical analysis no longer works as well as it used to; please click here to see the reasons. Chart Please click here for an annotated chart of S&P 500 ETF SPY. Somewhat different conclusions are to be drawn from charts of the Dow Jones Industrial Average DJIA, Nasdaq 100 ETF QQQ and small-cap ETF IWM. Please note the following: • The chart