Short-term trend still bullish, but might reach short-term peak into early next week

Note: I will be out of the office next week and will not be publishing daily technical strategy notes or videos.

Short-term trends in US Equities remain bullish but are nearing initial levels which might lead to a slowdown in this rally following a 15% rally in SPX over the last 17 trading days from 4/7 lows (almost 1% on average per day). While momentum is not technically overbought, I suspect that it might prove difficult technica...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Events

Trending tickers in our research