"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, May 15, 2012

S&P 500 updated

SPX failed at the 1360 support area we had noted, but is hanging in there at the next level.  Considering the sentiment backdrop (neutral to downright contrarian bullish on the US broad market), one wonders if that is all there is for the current plunk.















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