US Equity Market Outlook 2-21-16

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US Equity Market Outlook 2-21-16

This video is focused mainly on the near-term outlook for the US equity markets, briefly touching on the intermediate & longer-term outlook towards the end of the video. Some near-term price targets, support & resistance levels, as well as a couple of likely scenarios are included.

In a nutshell, I remain cautiously bullish, expecting more upside in the near-term, quite possibly another impulsive move higher kicking off next week, should the major indices breakout of the bear flag patterns recently highlighted on the intraday time frames. However, with nearly all intermediate & long-term trend indicators and other metrics confirming that the primary trend is bearish, the odds of a sudden reversal & beginning of another impulsive wave of selling remains elevated at this time.

2017-03-08T21:19:58+00:00Feb 21, 2016 7:37pm|Categories: Equity Market Analysis|Tags: , , , , , , , |Comments Off on US Equity Market Outlook 2-21-16