Two weeks ago, while the market was in the midst of its most recent pull back, I mused that the $272.50 $SPY level would be a likely reversal point.
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Stocks ended a tumultuous week on a sharply positive note. As earnings season heats up we will likely get a clear indication if this recent sell-off is just a 10% correction, or if its start of a bigger move to the downside. For now enjoy your weekend.
Barrons is telling us the Bulls will be back.
Here is what I am reading this morning.