Last week I opened up SharePlanner to occasional guest postings, primarily on the weekend, and last week’s blogger and regular contributor to the SharePlanner Chat Room, Adam Beaty, (who has his own blog called Bullogic that is definitely worth checking out when you get the chance) provided us with a Weekly Forecast and Recap on the broader markets, which includes all sorts of good charts that I believe you will find to be of great benefit for you when you take on the market next week. If you are also interested in having your articles posted on SharePlanner, just shoot me over an email using my contact page. Â
Good run up by the bulls but could this week make it a short run?
 |
| /ES |
The futures market shows the nice bounce off of support to reclaim the upward trendline. As we can see the uptrend was quickly met with a past resistance of 1225. This is the same resistance that killed our two month rally. If the bulls cannot take over this resistance it will be putting in a classic double top which will see another sell off.Â
 |
| SPX (hourly) |
