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Here’s The Level Standing In The Way Of A Bull Run


As a new week begins, there is much to be bullish about. First, last week ended on somewhat of a bullish note, which should led to higher prices this week. Of the stocks leading the market higher, tech stocks have largely led the way. As investors flee from banking stocks and other sectors they see as overly risky, given the developments in the financial sector over the past couple weeks, they seemed to have put their money into the bevy of battered tech stocks.

Seasonality is also playing a part in the renewed sense of bullishness as we are entering a period that is typically regarded as a bullish period in the market.

If we do press higher this week, we expect a clear hurdle to be at 4000 on SPX, if we clear this level, we believe the next clear level to test would be 4100. If these levels are confirmed we strongly believe a run higher is in the cards.

Watch my full market breakdown below and be sure to add these levels to your trading screens!

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I look forward to trading with you, but until then, as always…

Good Luck With Your Trading!

Christian Tharp, CMT

Christian Tharp

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

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