The S&P 500, (NYSE:SPY) is coming back to test support, and this will be the acid test of bullish resolve. Our models show that the odds are likely that there will be one last failed rally as this bounce off support loses energy and stalls…We will be watching this closely as our firm has been stalking a short position since March.
Danaher Corporation (NYSE: DHR) has formed a double top on its daily chart. This is likely the end of the bullish trend that this stock has been enjoying for the last 4 months, and the odds are high for a test of the $97.50 area as a minimum profit objective.
Bo Yoder
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