Israel stocks lower at close of trade; TA 35 down 0.49%

December S&P E-mini futures: Inflation has come down and the Fed is lowering rates. The long standing 6000 target has been reached but an extension at least up to 6136 and maybe even to 6500 is likely. QQQ: Support is 488. Resistance is 525. TNX (ten year note yield): The 3.75% level is support. A swing…

By Lawrence G. McMillan The major averages continue to decline, and they are in a seriously bearish mode. Moreover, the pattern of lower highs and lower lows persists, so there is a distinct downtrend line that can be drawn (see Figure 1, purple line). The support level at 6500-6550 that had originally been established back…

By Lawrence G. McMillan Join Larry McMillan as he discusses the current state of the stock market on May 20, 2024. Source link