• Bulls Remain In Charge Of S&P 500 Price Action

    8 days ago - By ETF Daily News

    From Larry McMillan : Stocks continue to press onward, with the S&P 500 trying to reach the January highs at 2870.
    Volatility has slowed tremendously, giving the impression that $SPX is struggling to reach those old highs.
    There is resistance 2870 , and there is support at 2800. A violation of the 2800 level would not necessarily mean that a bear market has begun, but a violation of the lower bullish channel would.
    Equity-only put-call ratios remain split. The weighted ratio is on a buy signal, while the standard ratio is merely moving sideways.
    Market breadth continues to be a lagging...
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