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Pullback Accelerates

Pullback Accelerates

3 years ago 1 min read Trading Week Update
Today we saw the most important indexes pullback more than 1%. Reviewing the daily chart of the S&P 500, the index is no longer in overbought conditions, it closed right at
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By: Local Optima
Measuring the Selling Pressure

Measuring the Selling Pressure

3 years ago 3 min read Trading Week Update
It's easy to get used to a powerful rally as long as we keep in mind that eventually there will be a pullback. The S&P 500 had moderate losses
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By: Local Optima
Rally on Steroids

Rally on Steroids

3 years ago 3 min read Trading Week Update
The Market had a powerful move today, there's some hope that the Russia-Ukraine talks might lead to a de-escalation of the war. The rally is getting to overbought conditions, while the
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By: Local Optima
The Rally Continues But...

The Rally Continues But...

3 years ago 3 min read Trading Week Update
The S&P 500 has been able to continue the rally that started back on March/15, at this point we are back at the level where the S&P started
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By: Local Optima
The Next Resistance Won't Be Easy

The Next Resistance Won't Be Easy

3 years ago 5 min read Weekend Market Overview
Usually the most popular indexes are the S&P 500, Nasdaq Composite and the Dow Jones Industrial Average. In this post, as usual, I'll review the S&P 500
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By: Local Optima
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