Above the 40 – A Stretched S&P 500 Loses Bid for Overbought Status
April 27, 2017 at 04:24 AM EDT
The S&P 500 fell just short of 2,400 before fading to a flat close. If buyers do not step back in quickly, the index will risk a full retreat to 50DMA support (where I will happily reload on S&P 500 longs).