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S&P 500 had a really good time today. All breadth measures were positive, but volume was kind of light. Why such lack of interest all of a sudden?
Credit conditions are showing signs of easing. VIX dropped handsomely. Still, today's advance has not changes wave scenarios we have discussed before.
To me, it was nice trading day and nothing more.
S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago