Breakout Retest Tuesday On S&P 500, Nasdaq 100 Should Help Buoy Sentiment, Else Overbought Conditions Can Begin Unwinding
Last week, major US equity indices enjoyed mini breakouts. A retest took place Tuesday. Post-breakout, Investors Intelligence bulls jumped 5.1 percentage points this week to 50 percent, but they remain way below the 57.2 percent recorded in the week the … Continued