Certain signs often times demand respect.   Should we respect the sign/situation below?


Kissing the underside of resistance” and whats its future impact could be on the S&P 500, is one sign/situation I respect a great deal.  Until this resistance is taken out, from a portfolio construction angle, this situation does not suggest that portfolios should have a large exposure to equities at this time.

Should the kiss of resistance fail and an upside breakout takes place, that would be a very good sign for the broad market and a time to increase risk exposure!


How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past