Bullish Setups If This Market Bounce Continues
Ryan Mallory | Apr 15, 2014 02:39AM ET
The market is bouncing after a rather hideous sell-off last week. I've seen plenty of bounces like the one we are getting here today over the past two months, only for them to get squashed within a couple of days and trading lower than it was prior to the bounce.
So you have to be careful with wanting to jump on the bullish bandwagon at this stage of the game. Plenty tried last week, only to give away their short-lived gains by week's end.
I'm also no fool either to the reality that this could be a reversal that takes us to new highs, but as before, SPX is going to need to find a way to get back above 1873 and stay there before I believe in its possibility.
Here's the bullish watch-list:
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