The Path To New Highs
Henry doesn’t know when, and he doesn’t know what pattern, but these two observations has him thinking stock indexes could be looking for new best prices.
Henry doesn’t know when, and he doesn’t know what pattern, but these two observations has him thinking stock indexes could be looking for new best prices.
Traders bid up markets as worries about the Nikkei and the U.S. economy are put in the rearview mirror, for now.
In this video, Bruce discusses the crazy market roller coaster we have had lately and what to make of it. Yesterday, we got the latest PPI data and today we had CPI data, but after the announcements, we did not get the clarity we hoped for and are still wondering what the FED will do at the next meeting in September. Bruce goes over the charts of the indices and talks about the most likely scenarios. Lastly, he talks about how to be proactive and protect your portfolio for these big, unexpected events.
In this update, Raghee follows up on the S&P trading setup that can apply to S&P futures, SPY calls and puts, and SPX calls and puts, using automated zones for entries and targets.