{"id":4383,"date":"2015-09-30T06:55:01","date_gmt":"2015-09-30T10:55:01","guid":{"rendered":"http:\/\/www.morpheustrading.com\/blog\/?p=4383"},"modified":"2022-04-06T15:05:02","modified_gmt":"2022-04-06T19:05:02","slug":"where-stocks-headed-next","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/where-stocks-headed-next\/","title":{"rendered":"Where Are Stocks Headed Next? Here’s What The Charts Say…"},"content":{"rendered":"

\"StockAfter a nasty selloff in late August, stocks temporarily gave investors a bit of hope (a dangerous emotion<\/a> in trading) by rallying higher in the first half of September, but the bullish enthusiasm was short-lived.<\/p>\n

Due to an abundance of overhead supply left in the wake of the August decline, the main stock market indexes\u00a0ran out of gas in mid-September, then headed south again after running into powerful overhead\u00a0resistance of their 50-day moving averages.<\/p>\n

Now, as we enter the last quarter of the year, the major indices are toying with\u00a0crucial support of their prior lows from August.<\/p>\n

This begs the obvious question on the minds of millions of investors right now; is the test of August lows a\u00a0buying opportunity OR<\/em> is now the time to shift to cash and\/or sell short\u00a0stocks?<\/strong><\/p>\n

Unlike the omniscient\u00a0“gurus” of mainstream financial media, we do NOT claim to have the definitive answer to that question (and it’s ridiculous to believe anyone who says they do).<\/p>\n

But in this article, we do seek to answer that question through objective,\u00a0“no nonsense” technical analysis of the current state of the broad market.<\/strong><\/p>\n

Continue reading for our concise chart reviews of\u00a0the NASDAQ Composite, S&P 500, Russell 2000, and two other useful confirmation indicators…<\/p>\n

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