SPX Megaphone? Bears Should Hope Not
There is some analysis floating around talking about a Megaphone in the SPX. One smart gentleman emailed me about it and I saw something earlier as well.
But one ill-drawn Megaphone is not going to get the bear case done because if it is drawn correctly instead of wishfully, the bears will not survive it.
I am leaning toward the bear case presenting sooner rather than later too, but it sure is not due to a Megaphone, which obnoxiously, would target the resistance zone shown previously before the bulls are hammered. C'mon guys, you can do better than that. Okay, off to play some loud rock guitar with da boys. http://www.biiwii.blogspot.com
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.