Nasdaq 3,220.81 up 2.21 +0.07%
You can go back 20 years. Every bull market has pulled back and tested the 50 day moving average after 3 months of gains. The S&P needs to pullback.
The most recent. Jan 2012 to April 2012. The market pulled back at the beginning of April and tested the 50 day moving average.
People need to pay taxes? I don't know.... I'm just expecting a pullback. But I think $TSRX is going to base here. I don't see how it can go any lower.
The chart looks like we got a good buy today at $6.1X support.
Sentiment: Strong Buy