Stocks rallied hard the prior week week, as the S&P 500 Index broke a seven week losing streak in resounding fashion; its 6.6% gain was the best since November 2020. That strong response from equities, following one of the worst starts to the year ever, has many investors questioning, “Was that the low?” While we are certainly open to that possibility, Brian takes a look at why the technical picture suggests volatility is likely to remain elevated in the near term.

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Chart: S&P Resistance

Chart: Midterm Year Bottoms

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Music:
Cold Funk - Funkorama by Kevin MacLeod is licensed under a Creative Commons Attribution license. Source. Tracking ID: 1-05287772, 1-05287772, 1-05289399

Ford Financial Group on Facebook

Ford Financial Group on YouTube

Questions?
Find us at FordFG.com
Email us at info@fordfg.com

Music:
Cold Funk - Funkorama by Kevin MacLeod is licensed under a Creative Commons Attribution license. Source.