MrTopStep Chart of the day: S&P Futures Up 10 of the last 12

MrTopStep
May 7, 2013

That said, things just look too good. We lean to buying weakness in the bonds and selling rallies in the S&P. Not sure if it works but we think over the next few days it will. That doesn't mean we think the rally in the S&Ps is over, what it means is we think the S&Ps are overdone in the short term or getting close. As always, keep an eye on the 10-handle rule and please use stops.

More detailed analysis of how to look at the S&P rally here.

MTSchart5.7
MTSchart5.7

 

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