Responding to overbought conditions and more by the hour news flow from Europe, the S&P 500 (SPY) fell back into its multi-month range, finishing down -2.4% on the week.
While I’m still leaning net bullish, price is neutral for now with ample room for a move in either direction as the Greece and Italian winds blow.
[Week 45 Calendars: Economic | Reporting]
Source: Mrkt_Commentary subscription service; prior weekly posts.
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