Two Short-Term Scenarios for the S&P 500 Index

Posted by Chris Vermulen -

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Screen shot 2012-02-13 at 1.23.23 PM

Screen shot 2012-02-13 at 1.23.23 PM

For the first time since the last week of December of 2011, the S&P 500 Index closed lower on the weekly chart. Recently I have been discussing the overbought nature of stocks based on a variety of indicators. However, the real question that should be asked is whether last week was just a short term event or if we see sustained selling in coming weeks.


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