Solid Resistance at 4,400
The S&P tried to rally at the beginning of the trading session, but for the last
five trading days the 4,400 resistance has been practically intact. The news
today were
Local Optima
Weakness Underneath the Rally
The S&P 500 gained +1.86% (80 points) and the other important indexes also had
important gains. However, all I see so far is weakness, the S&P just stalled
Another failed rally
Eventually the Market reveals its judgement, there was a small reaction rally on
Jan 24-25. After that, the S&P didn't go anywhere, the Ukraine conflict and the
Fed strategy
S&P Daily Bullish Divergence
There wasn't any surprising price movements in the S&P 500 or unexpected news
that could act as catalyst for a bigger movement today. I do find a few
interesting
Wait-and-See Mode
The S&P 500 rallied the last two days and I'm still not convinced that this time
it will be different. I have stated in several of my previous articles