Did a lot of bullishness just get trapped above 2815, the S&P 500’s previous resistance level that appeared to have been vanquished recently? Here’s Jon Krinsky of Baycrest Partners with my Chart o’ the Day:
Jon goes on to note that “Overall breadth remains a concern (just 38% of R3K above 200 DMA), and Friday’s 87% NYSE down volume day (highest since Dec. 4 th) is perhaps indicative of sellers waking up.”
Source:
From False Moves Come Fast Moves
Bay Crest Partners – March 24th 2019
[…] Jon goes on to note that “Overall breadth remains a concern (just 38% of R3K above 200 DMA), and Friday’s 87% NYSE down volume day (highest since Dec. 4 th) is perhaps indicative of sellers w… Source: https://thereformedbroker.com/2019/03/25/the-false-breakout/ […]
[…] The False Breakout – Josh Brown Here’s a short blog post from Josh Brown of Ritholtz Wealth Management. He shares a chart from technician, Jon Krinsky that shows the potential false breakout that’s developing in the S&P 500 right now. […]
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[…] in elsewhere, Reformed Broker’s Josh Brown wondered on his blog whether bulls got too excited and are now “trapped” above that 2,815 level. He […]
[…] in elsewhere, Reformed Broker’s Josh Brown wondered on his blog whether bulls got too excited and are now “trapped” above that 2,815 level. He highlights a […]
[…] in elsewhere, Reformed Broker’s Josh Brown wondered on his blog whether bulls got too excited and are now “trapped” above that 2,815 level. He highlights a […]
[…] in elsewhere, Reformed Broker’s Josh Brown wondered on his blog whether bulls got too excited and are now “trapped” above that 2,815 level. He […]
[…] in elsewhere, Reformed Broker’s Josh Brown wondered on his blog whether bulls got too excited and are now “trapped” above that 2,815 level. He […]
[…] in elsewhere, Reformed Broker’s Josh Brown wondered on his blog whether bulls got too excited and are now “trapped” above that 2,815 level. He […]
[…] in elsewhere, Reformed Broker’s Josh Brown wondered on his blog whether bulls got too excited and are now “trapped” above that 2,815 level. He […]
[…] in elsewhere, Reformed Broker’s Josh Brown wondered on his blog whether bulls got too excited and are now “trapped” above that 2,815 level. He […]
[…] in elsewhere, Reformed Broker’s Josh Brown wondered on his blogwhether bulls got too excited and are now “trapped” above that 2,815 level. He […]
[…] in elsewhere, Reformed Broker’s Josh Brown wondered on his blogwhether bulls got too excited and are now “trapped” above that 2,815 level. He […]
[…] in elsewhere, Reformed Broker’s Josh Brown wondered on his blogwhether bulls got too excited and are now “trapped” above that 2,815 level. He […]
[…] in elsewhere, Reformed Broker’s Josh Brown wondered on his blogwhether bulls got too excited and are now “trapped” above that 2,815 level. He […]