I wrote last that a pullback was expected here, but of course, the market often does what is least expected. A very big day in the market, with the S&P 500 up over 7% today! As seen here, the S&P 500 blasted through its 50-day MA and closed well above it.
The market is very overbought […]
Last week was wild ride for the market. It was putting in a very sharp bear market rally from the recent lows, and as seen in this chart of the S&P 500, represented here by SPY, it ran into the 50-Day MA and began pulling back. .
Typically, in this market, this will lead to another […]
