Stocks continued their strong run through June 8, with the S&P 500 index reaching 3233. The overbought conditions were some of the most egregious in history. Now, the market is backing off because of those conditions, but that doesn’t mean the bulls are necessarily done yet. For now, there is resistance in the 3230-3260 area, then at 3330 (the top of the Feb. 24 gap), and finally, at 3390 — the all-time highs.
On the downside, a close below 3050 would fill a couple of recent gaps on the S&P chart and would also be below the...
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June 11, 2020 at 10:51PM
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This is what it will take to turn the stock market truly bearish - MarketWatch
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