Markets rallied 20% since the SPX 666.79 reversal to SPX 800 resistance. Bearish scenario is that SPX will be trading to near SPX 600 forming wave 5 of 5 of 5 since the bear market started in Oct 2007. I don't see any selling pressure to confirm the scenario yet. Markets traded to resistances: SPX 800, Qs 30, Nasdaq 1500, DOW 7500.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.