Watch For Pullback
Watch For Pullback This rally has certainly been more explosive than the one that occurred in the last three days of the six-month ending/June quarter earlier this year. The S&P 500 index advanced 4.3% in the last three days of June as the funds were extremely active. That rally started above rising 50- and 200-day exponential moving averages (EMAs) at the 1315 level, and took the index to its current all-time high of 1420
| I have never seen institutions react to news the way they have over the past three months. What happened to their buy-and-hold mentality? |