S&P 500 – 08/22/2007
August 22, 2007 at 9:52 pm · Filed Under Broader Market
So the strong day today means we’re still in a bull market, right? I’m actually not convinced yet. While today was good, it still hasn’t broken the recent downtrend as depicted.
With no true news behind the push I believe there’s a strong chance we’ll continue down in this channel for the immediate future. The next few days should be quite telling, but for now I’m avoiding opening new bullish positions.
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