A very nice week turned in by the indices last week SPY +6.4% QQQ +8.6% IWM +6.8%. I think the main question on equity investors minds is has the market put in a bottom? In short, I think more time and levels have to be retaken before we can make that conclusion. Let’s look at the S&P technicals in both the weekly and daily chart to provide some insights.
Market Observations 6/26
Market Observations 6/26
Market Observations 6/26
A very nice week turned in by the indices last week SPY +6.4% QQQ +8.6% IWM +6.8%. I think the main question on equity investors minds is has the market put in a bottom? In short, I think more time and levels have to be retaken before we can make that conclusion. Let’s look at the S&P technicals in both the weekly and daily chart to provide some insights.