S&P seems to be trending downward as S&P 500 is making lower highs. Potential “Double Bottom”? Watch this video for technical analysis.
“The battle between the Bulls and Bears continues with very choppy trading action. The rally from a potential double bottom is cause for concern for the Bears, however the Bulls are in a similar situation as they have to prove their case with sustained market action.
In my new video, I outline some of the key levels that I think are important in the S&P 500 market. Volume continues to to be light and that is why the markets are moving around and are so volatile at the moment.”
- Adam Hewison, MarketClub
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