To gain an edge, this is what you need to know now.
Rally Attempt
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows the price action today.
- Bulls like the price action because their buying has stopped the market from declining.
- Bears like the price action because bulls have not succeeded in causing a major rally.
- As of this writing, DJIA has recovered 413 points from its low.
- Interest rates are pulling back on recession fears.