We had correctly recognized the corrective nature of these past days up moves.
So far, it's a retest of breakout at 1134.
Let's see how it holds.
Keep an eye on NDX as it got sold very hard -- maybe window dressers are mass migrating out of tech darling they bought to beautify end-of-quarter publications -- who know?
1130, 1120 are key levels short term.
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