The S&P 500 (ETF Proxy – AMEX:SPY) continues to whipsaw as the Fed’s rate shift has caused a great deal of liquidity to slosh through the markets. The odds picture remains muddy on a daily level, and there is still too much hidden bullish power for me to be comfortable putting my short exposure back on at this time.
Intel (NASDAQ:INTC) has formed a classic pennant breakout pattern on its daily chart. Normally, this would be a bullish entry signal. However, 3D Apex Predictive Failure Technology™ is showing me that this pattern is likely to fail. This offers a short opportunity as the longs enter into this trade and get stuck.
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