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I just read this in the WSJ
Brown Brothers Harriman technical analysts write that they don’t expect stocks — specifically the S&P 500 — to hit a wall of resistance any time soon. “Given the strength of the market’s push to new highs, we do not think it is time to sell the rally. The S&P 500 is currently retracing the post-Lehman waterfall decline that poses little resistance before the 1100 level,” they write adding that they’re “tactically bullish” for the next one-to-three months. |
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Just read this in the WSJ
Brown Brothers Harriman technical analysts write that they don’t expect stocks — specifically the S&P 500 — to hit a wall of resistance any time soon. “Given the strength of the market’s push to new highs, we do not think it is time to sell the rally. The S&P 500 is currently retracing the post-Lehman waterfall decline that poses little resistance before the 1100 level,” they write adding that they’re “tactically bullish” for the next one-to-three months. |
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