Not since Thanksgiving last year has the S&P 500 so clearly lined up in bullish territory,...
Not since Thanksgiving last year has the S&P 500 so clearly lined up in bullish territory, says MarketWatch's Lawrence McMillan. The index overcame severe resistance last Friday, and has since closed above that level for the last two days. In addition, the Total put-call ratio has registered heavy put buying as of late, a pessimistic sign that contrarians widely view as bullish. So, keep an eye on market breadth over the next few weeks, and we'll see if the recent bounce keeps its legs.
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