Bad Moon Rising
MRKT Matrix
00:00
The S&P 500 Is Now Back Through It on the Upside
The move down we saw a week and a half ago to 3940 in the S&P that took us down to the 200 day moving average. We bounced from there in a meaningful way, which caused Mike Wilson to sort of do a tactical, make a tactical call. So as I'm sitting here talking to you, the S&p is basically now back through it on the upside. The battle cry of the bulls coming into the year was that we had crossed meaningfully above it. But what kills technicals is a big event, a big news event.
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