Wednesday, May 4, 2011

Buyable Pullback

S&P 500 60 Minute Chart (Elder Impluse)
  • As of right now this pullback in the market looks to be corrective and should be bought. We have seen no selling pressure on an extreme basis that indicates institutional liquidation. This could change, but as of right now this looks like your standard 3-5% pullback in this liquidity driven frenzy of a bull market.

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