Description: When the broad stock market, as measured by the Standard & Poor’s 500 Index, broke down through the important 1,390 support level in early April, it seemed that the bears would finally have their chance to take control after a long run by the bulls.

Source: Marketwatch.com

Date: May 01, 2012

Link: http://www.marketwatch.com/story/the-technicals-are-bullish-2012-05-01?link=mw_home_kiosk

Questions for Discussions:

• Summarize the analysis presented.
• Do you agree?