Technical Analysis Thursday: The Next Leg Up Starts Now

Stocks will break above resistance (red line) today.

The falling wedge formation is now confirmed.

chart1

This increasingly looks like the next major leg up with stocks reclaiming their bull market channel that has guided the markets since early April.

chart2

This opens the door to a run to 3,600 or higher on the S&P 500.

chart3

These are the charts I’m watching today.

Best Regards,

Graham Summers
Editor, Money & Crisis

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Graham Summers

Editor Graham Summers has spent the last 15 years building a reputation as one of the most sought after and highly respected investment strategists on the planet. His work has been read and quoted by former Presidential advisors, award-winning institutional analysts, U.S. Senators, and more. He’s one of the few analysts on the planet to...

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