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Mother Of All Reports Disappoints Both Bulls And Bears – Critical Waller Remarks Ahead

Benzinga ·  Sep 6 23:54
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Critical Waller Remarks Ahead

Please click here for an enlarged chart ofSPDR S&P 500 ETF Trust(NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

  • The chart shows that the stock market formed a double top inside the resistance zone and was unable to penetrate the resistance zone. From a technical perspective, this is a negative.
  • The chart shows that the stock market has fallen below the resistance zone.
  • RSI on the chart shows that the stock market is oversold. Oversold...
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