Can the Market Breakout from its Three Month Tight Range?
Daily Battle Plan Subscribers should have locked into their gains in SPY on the close yesterday.
Today the market is slightly overbought and it will interesting to see if the market can breakout from its three month tight range of 182-189. Beyond that it’s behaving like a bull market that is pausing/consolidating at new highs, in spite of fact that half the world convinced this really is not a bull market (it is).
We’ll now wait for the next pullback to re-enter.
For a free trial to the Daily Battle Plan, click here!
We’re happy to announce we are offering two AmiBroker training classes in June. These classes will be taught by Matt Radke, the Director of Research of Connors Research.
For more details on each of these training classes, please click the link which best describes you: