Jan, 04, 2019
By Lawrence G. McMillanThe $SPX chart is still bearish, as it continues to exhibit a series of lower highs and lower lows, occurring beneath a declining 200-day Moving Average. That is a bear market...
Dec, 28, 2018
By Lawrence G. McMillanIn falling as far as it has, $SPX broke below almost all of the support areas that had been in place. There is now support at 2350 -- last Monday's lows. There was also a bit...
Dec, 14, 2018
By Lawrence G. McMillanThe bears have a tight grasp on this market right now, which is a bit surprising since it is so late in the calendar year. Typically by this time, even in bear markets, there...
Dec, 10, 2018
By Lawrence G. McMillanThe action in the stock market is getting more volatile, at least in realized terms (implied volatility has not kept pace). The bottom line is that resistance at 2800-2820 has...
Nov, 30, 2018
By Lawrence G. McMillanThere have been a number of positive developments in the past week or so: buy signals, oversold conditions producing rallies, and so forth. But the primary concern is how the $...
Nov, 23, 2018
By Lawrence G. McMillanThe $SPX chart remains bearish. This week's action did not decline far enough to be a test of the October lows. The support area at 2580-2600 remains the bulls' best hope at...
Nov, 19, 2018
By Lawrence G. McMillanIf you enjoy seasonal trading patterns, they abound from the end of October (the “October Seasonal,” which was strong this year), through the beginning of the new year (the “...
Nov, 16, 2018
By Lawrence G. McMillanSeveral times, we have mentioned the fact that in a bear market, there is usually selling in October, followed by a strong October Seasonal rally, and then a failure of that...
Nov, 16, 2018
By Lawrence G. McMillanA break of support at 2580-2600 would likely augur for a retest of the February lows at 2530. A failure there, and the real bear market should unfold -- but perhaps not until...
Nov, 09, 2018
By Lawrence G. McMillanThis week saw the ninth biggest one-day point gain in the $SPX in history, as it rose 58.44 points on Wednesday. With that, $SPX had rallied over 200 points in a straight up...
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