After a stealth 20 percent stock market correction, investors are enjoying a 14 percent rally.
Are investors out of the woods yet?
As you might guess, there is still work to be done.
In fact, there are really only a few scenarios that are likely to play out from here.
In its simplest sense, either we will see the S&P 500 (SPY) form a classic bottoming pattern OR the price will fail to hold a higher low and the index will make new lows.
In this week’s video, we discuss these scenarios while incorporating “trend” analysis and indicators. We also look at some historical examples.
Stock Market Video – for week ahead (January 21)
Click play, then you can use the button in the lower-right corner of the video image to view in full-screen mode. Hit Escape (esc) to exit the full-screen mode.
The author or his clients may hold positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.