Dan talks about the reverse head and shoulders pattern in the S&P 500 index. On Monday, the market broke above the right shoulder which signals further upside. Recent M&A activities of IBM and other Tech names have helped this sector break to the upside as well. Dan remains cautiously optimistic. The technicals certainly look good, but Dan warns about a shift in expectations. He believes the market has priced in a Republican victory this fall. Any deviation to that could jeopardize the rally.
Why oil is repeating a pattern from the crash in 2008! What it means for stocks! #EAVOL #SPY https://t.co/pzacS9Gc5r
Why oil is repeating a pattern from the crash in 2008! What it means for stocks! #EAVOL #VIX #SPY https://t.co/pzacS9Gc5r — Brian Stutland (@BrianStutland) Jul 15, 2022 Source: @BrianStutland July 14, 2022 at 08:41PM More info Your Website/Page Anchor Text Here
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