BarroMetrics Views: S&P 2014-09-02
The S&P continues to churn, making new highs on low range and volume. Nevertheless each attempted sell off has been met with buying. In Figure 1, you see two days where the S&P sold off at the open, only to finish near the highs.
The St Louis Fed AMB is due out this week. I’ll be interested to see what that shows.
FIGURE 1 S&P Daily