Replies to post #47430 on ajtj99's Market Pulse

[Justa Werkenstiff]

Richard: It depends on your timeframe. I think this area is a good entry for the SPX. This is classic intermediate bottom action to me. The SPX closed below its low from last Friday while the number of new 52-week lows on the NYSE came in at only 102 yesterday vs. 183 last Friday.