I’ve got to hand it to these bulls, it is probably going to take a major event in these markets, to get them to not see every one point move down in the S&P as some glorified buying opportunity. Right now the S&P is down a rare 5 points at the time of this post, and I have come to pretty much expect the bulls to start rallying the troops come 2:50pm EST like they do every day, only to finish at all time highs. But if….just if…the bears can keep the markets down today, it could be the beginning of what may be a shift in sentiment for these markets.
Here is the S&P Chart.
