Technically Speaking: The Market To Nowhere?

by Lance Roberts
Real Investment Advice

In this past weekend’s missive, I discussed the ongoing trading range of the market.

“First of all, it is worth noting that despite all of the recent excitement of the markets advance, it remains extremely confined in a sideways trading range. This can either be good or bad news.

  • The Good: Sideways consolidations during bullishly biased markets provides the ability to work off excesses built up during the previous advance to provide the “fuel” necessary for the next leg higher.

  • The Bad: However, sideways consolidations can also mark the end of the previous bullish advance and the beginning of a bearish decline.”

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