The Moment of Truth on the S&P500!

What happens in the Markets over the next few weeks will be determined by how the S&P handles the current re-test of the lows that we saw from two weeks ago. If the price starts to work higher after today’s early weakness, then we might have a successful re-test in place that would support higher prices over the next week or two, perhaps longer. If support at the recent lows does not hold, then we’re in a Weekly downtrend which will lead to another deep Monthly Correction similar to the past two summers.

 

About the Author Brian Keith

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