There has been somewhat of a 'head & shoulders pattern' forming on the S&P 500 (SPY), Dow Jones (DIA) and the Nasdaq (QQQ). However even with the potentially ominous 'pattern' forming/present, the 50-day SMA remains the key overhead resistance level. And as for support, keep an eye on the August lows for a line-in-the-sand before the next round of selling might ensue. I also cover GLD, SLV, GDX, SIL, YETI, UBER, LYFT, ATVI and more.

And, this Thursday at 12pm ET, I'm hosting 'See The Top 10 Stocks For September' live event and the best part... it is free :-).

I'll be unveiling the hottest stocks to kick the Fall Season off with a bang. This list of very specific stocks have historically soared & crashed as much as 80%, 85%, 90% or more of the time over the coming weeks.

Grab your seat here: http://markettamer.omnovia.com/register/22311567526540

We will hit max capacity. This event will not be recorded.

Have a great day!

Ron

Sep 3 2019 - Major Indexes Showing Head & Shoulders Pattern?