JimMakos

Will US Stock Market's Rally Slow Down a Bit?

SP:SPX   S&P 500 Index
236 2 0
http://goo.gl/0yDveO Three technicals suggest a S&P 500             retracement ( Double Top , MACD divergence, and declining RSI ). Yet, bullish candlestick patterns (shown in green circles) confirm buyers' interest.

What do you think?

1. New breakout, new highs.
2. Resistance holds, S&P 500             pulls back.

You don't have to be trading stocks to make a prediction!
It seems we got a pullback, maybe between 5% to 8% from the higher, then we still go up. Do not fall in love for the downside ;)
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A lot of individual stocks seem to be topping out. Good earnings releases yet stalled price action. Not to mention the run up in Q4:13. I think we pull back to 1870 before heading higher.
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