S&P 500 Uptrend Survives - Peak Earnings Season on Tap
Unlike the Nasdaq 100, the S&P 500 has managed to keep it's near-term uptrend intact, painting a potentially bullish picture for the broad index.
The next two weeks sees over 60% of the index's earnings get reported, offering major potential for volatility in individual names, especially among the "Magnificent 7" stocks that are so heavily weighted in the index.
As long as previous-resistance-turned-support at 5490 holds, the path of least resistance will remain to the topside.
-MW
The next two weeks sees over 60% of the index's earnings get reported, offering major potential for volatility in individual names, especially among the "Magnificent 7" stocks that are so heavily weighted in the index.
As long as previous-resistance-turned-support at 5490 holds, the path of least resistance will remain to the topside.
-MW
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