The S&P 500 (SPY) has traded sideways for much of this week as investors consolidate gains and ponder what’s next.
Bulls have had their way with bears, erasing a majority of the stock market correction losses.
In today’s video, we look at the current bull-bear battle and highlight some things to watch for. We also look at some trading setups across sectors and select stocks:
-S&P 500 Stalls Below Resistance
–Russell 2000 (IWM) Breaks and Eight-Day Winning Streak
-Industrials and Utilities are Near-Term Overbought
Stock Market Today Video – February 22, 2019
Twitter: @DanRusso_CMT
Author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
