Published on: September 26th, 2019 • Duration: 13 minutes
Frank Cappelleri, CMT, chief market technician at Nomura Instinet, sees the potential for a long-awaited breakout in equities. Cappelleri acknowledges that selling the breakout has been one of the best trades over the last few years, and explains why this specific breakout is different. He highlights failed breakdowns, tracks the reversals in bearish indicators like momentum verses value, and provides his price targets for the S&P 500. Filmed on September 24, 2019 in New York.
For more information on bear oscillators, see Frank's previous interview here: https://www.realvision.com/tv/shows/trade-ideas/videos/10-steps-for-navigating-a-sloppy-market
