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Jim Wyckoff

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U.S. stock index bulls still strong

February 16, 2024 by Jim Wyckoff

The U.S. stock indexes saw corrective pullbacks following a warmer-than-expected U.S. consumer price index report. However, the indexes are still in price uptrends and the bulls still have the solid overall near-term technical advantage. That means the path of least resistance for the stock indexes remains sideways to higher in the near term. There are no significant early technical clues the stock indexes are close to topping out. Stay tuned! Jim Wyckoff

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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