Analysis From Wolf on Wall Street
Posted on May 01, 2012 at 18:46 PM EDT
Monday as the market dropped on some bad US economic news, we saw positive divergences appearing in the major averages at Wolf on Wall Street. After documenting the continuing positive divergences through a series of market updates, a post entitled, "Bounce is still very much a possibility" Started off like this, "In fact I'd say it is a probability." followed by this chart of the S&P E-mini