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Why this chart watcher thinks the stock market's year-end bounce is under way

Por: MarketWatch Business October 05, 2022

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The S&P 500 index’s two-day surge of 5.7% through Tuesday, which was the , triggered a “cluster” of momentum divergence buy signals. Given that those signals coincide with a “deep oversold” technical condition and historically bearish sentiment readings, Hunter believes the rally can continue. Hunter thinks the bounce could ultimately take the S&P 500 back up to test prior resistance at the 200-day moving average, which many chart... + full article



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