While buying the living daylights out of bonds, Italian bond yields have fallen some, and the markets responded slightly bullishly today. However, is it enough to sustain the markets and take them to their next level? Will the SPY regain its strength and move beyond $130?
A tip for you is to monitor volumes as price falls back from peak points. Often this is an indication of a weakening trend. The trend of the market may not fall precipitously, but this week's slugish movement could send the market horizontally for some time, so regaining enough strength to move beyond $130....well, it may be a stretch for it any time soon.
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