The stock market has been a roller coaster ride over the past few weeks. After an initial surge in stock prices following the election of U.S. President Donald Trump, the markets have been seesawing between positive and negative sentiment. Now, it appears that a countertrend rally may be in the works for the S&P500 Index.
Recent technical analysis by experts at the online publication GodzillaNewz suggests that the index may be on the verge of a significant upswing. According to the analysis, which examines various metrics of the S&P including price patterns, volume, momentum and relative strength, a “clear bullish sign” has recently emerged. Additionally, the publication’s data sources indicate that a strong trend of buying pressure is forming and the volume of security purchases is at an all-time high.
The news of a potential rally in stock prices comes as welcome relief to investors who have been struggling to make sense of the recent market volatility. It’s not uncommon for stocks to undergo corrections after large gains, but if the rally in stock prices is sustained it could be a sign that a full market recovery is underway.
What’s more, the analysis by GodzillaNewz also reveals potential bullish activity in the near term. Specifically, the publication’s team of analysts believe that a “confluence of positive events” could result in the S&P clearing resistance levels to reach an all-time high. If this scenario plays out, the current countertrend rally may be a prelude to an even more significant market rebound.
While it’s always difficult to predict the future of the stock market, the recent analysis from GodzillaNewz should be encouraging to long-term investors. If the countertrend rally being discussed is realized, the news could provide a much-needed boost to investor sentiment and give the market an important shot in the arm.
The stock market has been a roller coaster ride over the past few weeks. After an initial surge in stock prices following the election of U.S. President Donald Trump, the markets have been seesawing between positive and negative sentiment. Now, it appears that a countertrend rally may be in the works for the S&P500 Index.
Recent technical analysis by experts at the online publication GodzillaNewz suggests that the index may be on the verge of a significant upswing. According to the analysis, which examines various metrics of the S&P including price patterns, volume, momentum and relative strength, a “clear bullish sign” has recently emerged. Additionally, the publication’s data sources indicate that a strong trend of buying pressure is forming and the volume of security purchases is at an all-time high.
The news of a potential rally in stock prices comes as welcome relief to investors who have been struggling to make sense of the recent market volatility. It’s not uncommon for stocks to undergo corrections after large gains, but if the rally in stock prices is sustained it could be a sign that a full market recovery is underway.
What’s more, the analysis by GodzillaNewz also reveals potential bullish activity in the near term. Specifically, the publication’s team of analysts believe that a “confluence of positive events” could result in the S&P clearing resistance levels to reach an all-time high. If this scenario plays out, the current countertrend rally may be a prelude to an even more significant market rebound.
While it’s always difficult to predict the future of the stock market, the recent analysis from GodzillaNewz should be encouraging to long-term investors. If the countertrend rally being discussed is realized, the news could provide a much-needed boost to investor sentiment and give the market an important shot in the arm.
