4,480. That's the strong bounce line on the S&P 500 and we've been failing it all week and now we're failing it FOR the week and that's a big negative on the weekly charts. We predicted that we would fail the strong bounce line on Monday, when it was 4,490 (we made a lower low on Wednesday, which lowered the bar for a bounce) based on the Fundamental Outlook for the week and so far, so right, I suppose.
4,480.
That's the strong bounce line on the S&P 500 and we've been failing it all week and now we're failing it FOR the week and that's a big negative on the weekly charts. We predicted that we would fail the strong bounce line on Monday, when it was 4,490 (we made a lower low on Wednesday, which lowered the bar for a bounce) based on the Fundamental Outlook for the week and so far, so right, I suppose.
