Keep An Eye On This - SPX Breakout - John Rothe | Portfolio Manager, Quant, Tech Geek, And Sometime Superhero To My Kids

Keep An Eye On This – SPX Breakout

Keep an eye on the S&P 500. The index is currently breaking out of the “wedge” pattern that it has been trading in for the past few months. Earlier this week I mentioned that I am starting to see a few buy signals from some of the investment models I follow. This breakout is not only another buy signal, but is confirmation of those earlier buy signals.

My post from earlier this week: US Equities – Stuck In A Wedge.

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