Will the S&P 500 Hold Up?

The S&P 500 is currently over 945. If it holds up, this will be the highest close since November 5, the day after election day.

Also, if today's gains hold up, the S&P 500 will be above its 200-day moving average for the first time in 18 months.

Comments

[401kinvesth...:]

I'm not a huge believer in the long time sustenance of this rally, however it is certainly adding credence to the fear/greed emotion that can take wall street by storm. Talk about the extreme of these emotions playing out in the first 5 months of the year. Geez it's a story that will be remember for decades. With that said a simple retest would put me back in the long term bull camp, can't we just all get along (bulls and bears) and walk ourselves down to the 7500 level on the dow? Give it up already!

Jun 02 08:45 AM