S&P 500 Names to Watch as Index Remains Range-Bound
“A more precise takeaway from the bull channel failure in mid-November was that we were in for months of choppy, sloppy price action…On Nov. 26 the SPX advanced back above the level that defined the lower boundary of the bull channel breakdown two weeks earlier. There have been 49 trading sessions since and in only seven of those trading sessions was an entire SPX candle (high, low, and close) above or below the site of the breakdown level (6,782) and the late-October intraday high (6,920).,,,bulls remain i ...