Is a stock market top near? As the U.S. presidential race appears to be taking shape, technical analysis from UBS indicates a coincidental numeric oddity: trend indicators that speak to stock market internals “are reaching overbought extremes,” the report said as the S&P 500 index traded near 2018 today. The outlook for stocks, furthermore, isn’t much different than the outlook for the recent bull rally in commodities.
Stock market top - S&P 500 momentum stalls after breaking 2000
The S&P 500 has successfully broken stock market resistance near 2000. But with trend algorithmic triggers said to be above the market, potentially triggering additional momentum buying, the...
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