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Source: http://ciovaccocapital.com/wordpress/index.php/stock-market-us/sp-500-closes-16-points-above-low/
Tuesday, May 15, 2012
S&P 500 Closes 16 Points Above Low
The divergences from earlier today, when the S&P 500 was down 18 points, did foreshadow a bounce in stocks. The chart below is an updated version of the one posted this morning. Notice near the green arrow price broke through the pink trendline, but rallied to recapture it by the close.
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