The S&P suffers a weekly reversal, then enjoys a daily one

  • Jason Goepfert

    Jason Goepfert

    Published: 2020-06-15 at 15:40:26 CDT

Last week, the S&P 500 suffered a negative outside reversal. It rallied above the prior week's high, then fell below the prior week's low, and a lower close as well. These have indicated exhausted buying pressure in the past, with a short-term bias. It tried to erase that with a large positive intraday reversal on Monday.

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