Resistance looks near on many indices & sectors

Stock indices and many sectors are getting closer to areas of near-term tactical resistance, and this could materialize Friday before starting a minor consolidation.  The bounce from July 14th is now close to equaling the price points gained of the initial push off the lows from mid-June, and $SPX is nearing the upper edge of its trading channel of the last month.  While both $SPX and $QQQ managed to extend gains around 1-1.5% in Thursday’...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter FSI Snapshot, as well as occasional updates and offers from FS Insight. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Sign in to read the report!

We’ve detected that you have an active subscription!

Ray: 762896-8f6187-eb4926-f506a5-43e21b

Events

Trending tickers in our research

// // // //