3 Resistance Trendlines Driving the S&P 500's Advance
“Long-time readers of this commentary might recall the multiple bearish “outside day” candles that formed ahead of weak price action in 2024. But in last Wednesday’s trading, with the low below the prior day’s low and the high and close above the prior day’s high, it was a bullish outside day that proved bullish for the rest of the week…. beginning with the two-week period after the signal and through the following three months, the outlook favors the bulls..." -Monday Morning Outlook, May 5, 2025 “To ...