Another day, another attempt at the February highs, and the upper knots of S&P 500 candlesticks give the daily chart a bearish look. How justified is that – are stocks about to move seriously lower?
In today's analysis, I'll present the outlook based on the many charts featured.
S&P 500 IN THE SHORT-RUN
I’ll start with the daily chart perspective (charts courtesy of http://stockcharts.com):
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