Technical Analysis Thursday: The Next Leg Up Starts Now
Stocks will break above resistance (red line) today.
The falling wedge formation is now confirmed.
This increasingly looks like the next major leg up with stocks reclaiming their bull market channel that has guided the markets since early April.
This opens the door to a run to 3,600 or higher on the S&P 500.
These are the charts I’m watching today.
Editor, Money & Crisis