MacroVoices #378 Ronnie Stoeferle: In Gold We Trust - Showdown
Macro Voices
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How to Make a Higher High on SPX
The S&P 500 equal weight continues to drag, edging lower than the Russell. The window remains quite open for a S&P to rally to $4,300 but momentum is lost in the S&P and it's almost all completely evident in the NASDAQ alone. I think that any breakdown towards $4,100 would be really the technical advertisement that a short term high is in. But so long as the pattern of dips are being bought that has literally been dominant since March continues then we just have to respect that the bulls remain on the short term in control.
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