MacroVoices #372 David Rosenberg: The Bear Market Bottom Is Not In
Macro Voices
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The S&P 500 Is Up About 8% This Year
The implied move for the May 19th Op-X, which is about a month away, is 140 points up or down. The market remains in bull trend and that previous highs around 4,200 have so far been the resistance points that has stalled all of these market advances. There is still room for one more advance toward 4,300. It's possible we get upside to 4300 or so. So I'm still short term bullish, but longer term bearish overall.
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