AllTechnical Analysis
logoArgusOctober 20, 2020

Technical Assessment: Bullish in the Intermediate-Term

Intermediate Term
Long Term

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.

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