The Bears are taking it on the chin this week, the S&P 500 Index having breezed through the 1950 level of resistance. It will however all be meaningless if it dips back below it by Friday's close. If the index closes above 1950 on a weekly basis, 2000 becomes the next big (huuuuuuuge) resistance level. Everything is still in play. I might (don't hold me to it) write up a more detailed analysis of the stock market this coming weekend.
March 2, 2017
Pity the Bear Chin
I wrote this last year on 3/2/2016. One year later and the Bears are still taking it on the chin. Only the S&P 500 is 450-point or about 20% higher!
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