Today the S&P flummoxed traders who were betting on a correction following yesterday’s sell-off, erasing those gains and briefly making a new high. The index saw its first gap-and-go of the year to the downside yesterday and closed below its 8-day moving average, an indicator we look at for short-term composure. However, traders woke up [...] View the full post at: S&P Reversal Back to Highs Leaves Technicians Scratching Their Heads Related posts: Liquidity Levels Reach New Highs The Bond Market: Demand for U.S. Assets at Record Highs Lumber Prices Approaching Four-Year Highs