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S&P 500 Short-Term Is Set Up for a Bounce
MINYANVILLE ORIGINAL Last week the markets finally turned their trends on the intermediate term time frame. That hadn’t happened since late summer of 2011. That usually ushers in a period of consolidation at best which in this case is the weekly charts. The worst case is that it is simply distribution rather than consolidation and the move off that break is lower not higher. That’s the danger and it's a danger that has to be monitored carefully if you are a longer term investor. The short term setup is for a bounce though. The break of multiple swing points ...
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