AllTechnical Analysis
logoArgusOctober 20, 2020

Technical Assessment: Bullish in the Intermediate-Term

Intermediate Term
Premium
Long Term
Premium
Summary

Major stock indices fell on Monday, with the S&P 500, Nasdaq, and Nasdaq 100 (NDX) all off 1.6%. The Russell 2000 (IWM) and the S&P 400 MidCap (MDY) fared better, dropping 1.2%. There are several potential technical scenarios as we move into the second half of October. The passage of another stimulus bill would, of course, add yet another -- although it could very well be a "sell the news" event as possible stimulus is likely already discounted by the market.

Premium
Subscribe to Yahoo Finance Premium for full access
Read the latest independent research including analyst forecasts, ratings on the US economy, and more. Get individual company and overall sector level recommendations.
Try Premium FREE