Forgot to mention that intraday breadth out of the 1040 retest of the morning is good. But that matters little since it could have been courtesy rebound of super computer.
Breadth has to stay positive for the bounce to have a chance, and, as mentioned, index need to get above 1058 as a first step
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