Is it Bull market Rally at S&P???

By | May 6, 2009 2:27 pm

Picture is more than Words.

According to a simple weekly model of the S&P versus its Relative Strength, the market is having a Bear Market Rally.

Quite simply, the last Bear Market rally did not end until our zero based C-RSI entered positive territory. As you can see in today’s chart, the current strength is not close to being at a Bull Market level.

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