Mid-week market update: I wrote on the weekend that one of my bullish tripwires were violations of relative support by defensive sectors (see Is the pullback over?). The bulls have largely achieved that task.
The S&P 500 appears to be on its way to a test of the old highs.
The full post can be found here.
A test of the old highs?
May 26, 2021 at 16:15 PM EDT