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.
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.
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.
