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Sunday, November 24, 2024

Bulls Push S&P Out of Channel

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

Many of the up moves since 2009 seem to come off an overnight gap up and today is no different.  We’ll see if bulls can hold this but right now they have punctured the top end of this channel.  A close over last Monday’s highs would create a new higher high that many are looking for.

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog

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