Interesting juncture, with the S&P 500 closing at 2,065.95. Tim Knight is holding onto his shorts. In contrast, Chris Kimble is more bullish with the S&P 500 over 2,061.
For fundamental, not technical, reasons, Paul Price is still bullish. There's still no alternative place to put money, in his view. Small, incremental increases in interest rates will not change that.
S&P 500: Like I Said
Courtesy of Tim Knight of Slope of Hope
Just two days ago, I did a post called Biddy Biddy Bounce. Here’s the chart I provided:
In the post I mentioned, “We might have to stomach a claw back to 2065 or thereabouts”. Here is the updated chart:
