Wednesday, February 28, 2018

The animal spirits are back, but which ones?

Mid-week market update: Just when the V-shaped bottom was becoming evident, something comes along and derails that train. The SPX decisively blasted through its 61.8% retracement resistance levels on Monday, but saw a bearish outside reversal day Tuesday, and the market continued to weaken.

After the panic bottom in February, it appears that the animal spirits have returned to the market, but which ones?

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