Lawrence G. McMillan: The stock market’s technical indicators are improving

The U.S. stock market has weathered volatile news recently, mostly surrounding tariffs and the resignation of White House economic adviser Gary Cohn.

The market has pulled through quite bullishly, and the indicators are rolling over to “buy” signals to confirm it. It is appearing more and more likely that there will not be a retest of the February lows anytime soon, but things can change in the future.

The S&P 500 Index SPX, -0.13% chart has improved greatly. The 20-day moving average and the “modified Bollinger Bands” have curled upward. That is a positive development, for that aspect of the chart is no longer in a downtrend.

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