The market is testing a key technical indicator. The S&P 500 index is testing its 50 day moving average. It’s currently under that level, which warrants caution.
Watch for a large gain on strong volume within the next few days. That could set the market up for a renewed uptrend.
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The information in this article is based on data obtained from recognized services and sources and is believed to be reliable. Any opinions, projections or recommendations in this report are subject to change without notice and are not intended as individual investment advice. Not to be used as legal or tax advice.
©2016 Triumphant Portfolio Management, LLC.
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