Daily Archives: October 1, 2020

Will the Next Major Move be UP?

Stocks ripped higher yesterday. However, they ended the session near the lows at support (green line in the chart below). The overnight futures session is signaling another rally this morning, but until we take out overhead resistance (red line in … Continue reading

Posted in Central Bank Insanity | Comments Off on Will the Next Major Move be UP?

Warning: Momentum Stocks Suggest a Face-Ripper is Coming

Stocks ripped higher yesterday. However, they ended the session near the lows at support (green line in the chart below). The overnight futures session is signaling another rally this morning, but until we take out overhead resistance (red line in … Continue reading

Posted in Central Bank Insanity | Comments Off on Warning: Momentum Stocks Suggest a Face-Ripper is Coming