The S&P 500 has definitely made some moves over the last couple of months. Short-term it might seem like a lot has happened, but zoom out a little bit and you will see that we are nowhere near where we want to be.
The following video looks at what is actually developing within the S&P 500. The market seems to be coiling up and looking to break either way out of a triangle. Obviously a break downwards will not be a welcome sight.
Take a second to watch this short video that analyzes the S&P 500.
More on this topic
(What's this?)
Economist Gary Shilling: S&P 500 will drop 43% this year?
(Value Investing, 4/11/12)
Sell in May and Go Away? No Way!
(Wall Street Daily, 5/10/12)
S&P 500 Chart – Which Way Do We Go?
(My Trader's Journal, 4/22/12)