Bearish Case Remains Intact

The video below examines the upside potential of a countertrend rally in the S&P 500. The S&P 500 peaked on Tuesday at 1,196. Logical areas for a reversal fall between 1,196 and 1,260. Should the short-term uptrend be broken, it still remains reasonable for the S&P 500 to head toward 1,018 (at some point in the coming weeks).

Trading Range Stock Market - Short Takes Ciovacco

After you click play, use the button in the lower-right corner of the video player to view in full-screen mode. Hit Esc to exit full-screen mode.

Video: Update - Bearish Case For Stocks

Video: Update - Bearish Case For Stocks