Last leg of the correction? Time to break the 2010 trendline?
Although recent intra-day lows have crossed the 2010 trendline in the graph below I hallucinated in February we haven’t had a SPY closing yet that has crossed that line (104.87 for 9-June-2010). My crystal ball has been notably hazy recently, but I’m still thinking this is a correction and not the beginning of a bear market. I continue to be bearish on the prospects …
