How Far Can the S&P 500 Rally From Here?: Chart
The S&P 500 is approaching a key area on the charts.
Our View
i don't think this rally will last, but ride it if you are long. Clearly the ES was oversold and the rally in the bonds has helped the stock market’s cause.
While the Stock Trader's Almanac stats were bullish for the Dow this month (currently +1.4%), the S&P (-1.6%) and Nasdaq (-5.4%) have been the weak link. I expect that trend to continue rig…