The current stock market rally is overbought and nearing broader overhead resistance.
The next few days will likely decide if stocks go higher yet or pull back now.
Here is a summary of today’s video:
– Four-day rally takes the S&P 500 (NYSEARCA: SPY) toward price resistance near 2,600.
– The Russell 2000 (NYSEARCA: IWM) and small Cap stocks are still bearish despite a strong rally.
– Breadth metrics have improved but are overbought in the short-term.
Stock Market Today Video – January 10, 2019
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