A rush down, and a rush up!
Now, if we get a pullback after market's finished creaming the early morning shorts, we'll probably know more about market's iontentions
I have been laying out some requirements to regard the move from 1120 as a wave 1, and market's so far has kept its end treating it as such.
Intraday breadth was poor when the day started but has now switched positive.
Other than the fact that market's busy squeezing some bears, nothing's really changed 1138 and 1120 stay levels that bulls need to defend.
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