Major Resistance in $TEX
Terex Corporation ($TEX) is testing two-year highs and has run into a major confluence of resistance, which could lead to weakness ahead. Take a look..
Important Analysis for the S&P 500
The S&P 500 Index has pushed higher from the 1,175 support level, but is beginning to show signs of resistance at 1,226. I have a few thoughts on what is likely to play out in this index in the days ahead…
Decision Point for the YM
The mini Dow futures contract (YMZ0) has trended steadily higher over the last two months, covering about 1,300 points during this period of time. However, the index is now testing the high for the year at 11,200, which could become a major decision point for the index.
A Quick Look at the $DJI
The Dow Jones Industrial Average ($DJI) has been extremely bullish over the last two months of trading, rallying 1,200 points during this time. While the index is sitting below short term resistance, price may need to test the year’s high at 11,258 before another significant move is seen.
A Technical Look at the $VIX
The Volatility Index ($VIX) looks ready to explode, which could help us forecast the next major directional move in the major market indexes. Let’s take a look at a few technical factors in the $VIX, which could offer directional clues.