Friday, April 26, 2013

S&P 500 ~ EOD ~ 26 April 2013

The SPX pulled back today and almost hit the support at 1572-76:

As you can see, the two rallies in April look very similar (blue circles). I think also the two declines (big orange circles) look pretty similar. So, if this pattern continues next week and we break below 1572, bears should have the upper hand.