Apr, 22, 2019
By Lawrence G. McMillanThe $SPX chart itself is fine. It is rising, with all trend lines moving higher, including the "modified Bollinger Bands." There should be support near 2850, and perhaps even...
Apr, 12, 2019
By Lawrence G. McMillanThe “mistake” that the market often makes is getting too complacent during rally phases. One of the signs of complacency is extremely low volatility. Part of this is...
Apr, 12, 2019
By Lawrence G. McMillanOverall, the $SPX chart is bullish. The trend lines and Bands are all moving higher (even the 200-day Moving Average is edging higher), and the only resistance area of...
Apr, 08, 2019
By Lawrence G. McMillanOn Monday of this week (April 1st), $SPX resoundingly broke out to the upside, clearing the 2860 resistance level. That breakout also improved both the put-call ratios and the...
Mar, 29, 2019
By Lawrence G. McMillanAs it stands now, $SPX is in a trading range between those extremes of the past week: 2785 to 2860. Indicators have become mixed during this pullback, so probably the best...
Mar, 25, 2019
By Lawrence G. McMillanFinally, $SPX has broken out over the heavy resistance at 2820. The breakout wasn't as resounding as expected, and we are in the process of retesting the breakout zone (2800 is...
Mar, 15, 2019
By Lawrence G. McMillanMany volatility traders – we are among them – complained about the lack of response by volatility derivatives during last fall’s market decline. That was especially true...
Mar, 15, 2019
By Lawrence G. McMillanSome are saying that a bullish interview by Fed Chairman Powell on 60 Minutes last Sunday was the launchpad for the rally this week. Whatever the reason, it is apparent that...
Mar, 12, 2019
By Lawrence G. McMillanThis past Monday, March 4th, $SPX made another attempt to challenge the resistance at 2820. It got as high as 2816 -- essentially the same levels as last October and November...
Mar, 04, 2019
By Lawrence G. McMillanStocks have run into a bit of a roadblock this week, as the resistance in the 2800-2820 area on the $SPX chart has proven to be rather formidable. Of course, it didn't help the...
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