Market Outlook – 05/15/18 – Brandon Van Zee
Today, the S&P 500® fell by 0.68%. Despite the pullback, the intermediate posture remains strongly bullish and is in the upper reversal zone. The Dow Jones Industrial Average currently has a bullish intermediate confirmation signal. Unlike other indices, the Russell 2000® finished flat today rather than down. All four major U.S. indices continue to have 3 Green Arrow signals along with having bullish intermediate postures. The Energy sector was the only one to finish in positive territory today within the S&P 500. Sports related stocks continued to benefit from yesterday’s sports gambling news out of the Supreme Court.
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