Daily Trading Videos on Options, Stocks, Futures, Forex markets

Strong DJT Fails to Impress the SPX

May 18, 2016

A strong Transports sector today failed to rally the SPX, as weakness in the FANG stocks seemed to dampen sentiment. The SPX is now near the important 2040 level, but once again, the 78 minute chart is becoming oversold. The strength of the oversold rally will determine if we roll over and finally blow through that level.