Will S&P Find Itself Under Influence Of Bears?
Declan Fallon | Aug 15, 2014 01:14AM ET
Another day to leave excluded bulls wishing they had bought last week. Tomorrow will offer opportunities for bears to take advantage, but not all indices are in the same shape.
The S&P 500 is one such index which will find itself under the influence of bears on Friday. Today's rally took the index up to its 20-day MA, which just 'Death Crossed' below the 50-day MA. Near term momentum is with bulls, but if there is going to be a change then tomorrow is a good chance for shorts to show their hand.
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