S&P Seven-Day Alternation Shows Tug of War – Bloomberg 06-15-12

Salient to Investors:

Brown Brothers says the longest streak of alternating up and down days in the S&P 500 since October is a sign of a tug of war between bulls and bears. A lack of extreme pessimism during the market retreat since April suggests the market could go lower.

BGC Partners says confused investors will go with the direction whenever a key support or resistance level is broken.

Read the full article at http://www.bloomberg.com/news/2012-06-14/s-p-seven-day-alternation-shows-tug-of-war-technical-analysis.html