By Lawrence G. McMillanA little more than a week ago, the FOMC meeting concluded (on July 29th), and traders were not happy. They sold the market before and after the meeting, closing $SPX that day...
By Lawrence G. McMillanDespite one downward probe on July 29th, $SPX has managed to trade in a range and close at almost the same price every day. Near- term resistance is at 7430. After that failure...
By Lawrence G. McMillanThe market has been frustrating to many over the past two months since new all-time highs were made in early June. Bulls expected another attempt at new highs by now, while...
By Lawrence G. McMillanIt is once again time to consider that $VIX may have bottomed for the year. It is a common occurrence for $VIX to make its annual lows in July and then begin to rise in August...
By Lawrence G. McMillanBuying the dip has been working on an intraday basis recently, but the larger picture is that there are dips to buy almost every day. That means that $SPX is not making much...
By Lawrence G. McMillanThis week, $SPX has tried to break out over the top of the triangle formation that has inhibited price movement since early June. Indicators have improved somewhat, so that is...