Technically the S&P 500 isn’t pretty but the bullish case is still standing up. Even with the drop last week we haven’t cleared new lows so the uptrend continues. We would like to see a break of last Tuesday’s high of 2084 to help further the uptrend and get us out of this sideways consolidation. We did, however, break down below the 50 day moving average which is a good sign the market could be stalling at these levels.
