Even with selling, $SPX chart remains bullish

Posted on April 4, 2012 - 4:08pm

ryanbrennan's blog

By Lawrence G. McMillan

What had seemed like a typical correction yesterday has now blossomed into something more serious. Whether the FOMC minutes yesterday are really making people sell stocks (no more government inflation of stock prices), or whether that’s just an excuse doesn’t really matter. The selling is real. $SPX has now pulled back almost all the way to the support area at 1385-1390. It is trying to rally from there. So, even though the selling is heavy, the chart of $SPX remains bullish at this point...

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ryanbrennan's blog

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