So far, S&P has filled yesterday's gap and reached the neighborhood of 1200.
It has to exceed this with umph to perhaps put some pressure on shorts.
If I had a trading position from yesterday's low and wanted to do some profit taking/heding/insuring, I would do it around here.
Have a Nice Day!
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