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Coolhand's Market Analysis

A weekly snapshot of current TSP allocations for both the Top 50 and the Total Tracker. I also try to accompany the allocation charts with some measure of technical analysis, normally using the S&P 500.

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    Price Turns Back at Resistance - Posted by Coolhand

    by
    coolhand
    , 08-19-2020 at 08:20 PM (Coolhand's Market Analysis)
    Quote Originally Posted by coolhand View Post
    Resistance at the February peak manifested today as price was rejected and the market fell back.

    namor's Vegas Boxer Account Talk-s-p-500-png
    namor's Vegas Boxer Account Talk-dwcpf-png

    It was nothing dramatic. Price is very likely to probe resistance again very soon given the relatively moderate pullback.

    namor's Vegas Boxer Account Talk-nyad-png

    Breadth has fallen off recently, but does remain bullish.

    Tomorrow is Thursday and that's when we get a fresh
    ...
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