Jul, 16, 2018
By Lawrence G. McMillanThe low-volume rally of last Friday (July 6th), finishing up the holiday week, was a breakout over resistance at 2740. That has spurred a strong, quick move to the next...
Jul, 09, 2018
By Lawrence G. McMillan$SPX has broken out over resistnace at 2740. This gets it out of the 2700-2740 trading range that is been in for several weeks. The 2700 level has been support and/or...
Jun, 29, 2018
By Lawrence G. McMillanLast Monday (June 25th) $SPX gapped down below support at 2740, and a rout was on. Within a few hours, $SPX had fallen all the way to the next support level at 2700. The rest...
Jun, 22, 2018
By Lawrence G. McMillanStocks have had trouble advancing since June 11th, which is when the strong rally that began on May 29th petered out. This week, especially, has seen a pullback that reached...
Jun, 18, 2018
By Lawrence G. McMillanThe most positive thing one can say about the $SPX chart is that the major downtrend lines have been broken, and the gap at 2750 has been filled. Beyond that, the bulls have...
Jun, 11, 2018
By Lawrence G. McMillanThe island reversal gap on the $SPX chart was finally filled, at 2750, this past week. That moves the $SPX chart out of "bearish" status, but it is still badly lagging indices...
Jun, 01, 2018
By Lawrence G. McMillanStocks just can't seem to get out of their own way. Both bulls and bears have failed to capitalize on what seemingly should have been opportunities. The bottom line is that...
May, 25, 2018
By Lawrence G. McMillanThe Standard & Poors 500 Index ($SPX) is now trapped in a very narrow range, between 2700 and 2740. A breakout above 2750 would be very positive, while a break DOWN below...
May, 18, 2018
By Lawrence G. McMillan The market continues to act much better than it did in February through April. That positive intraday reversal on Thursday, May 3rd, still stands as the day that things...
May, 14, 2018
By Lawrence G. McMillanA week ago Thursday (May 3rd), the market was on its heels as a large day-long sell program had pushed $SPX below the 200- day Moving Average. A close below that MA would...
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