VTWO - Perception Vs. Reality
When we last left you, the S&P 500 was running into resistance at its 200-DMA. We thought that the bears might try and hold their ground. The 200-DMA has come and gone, having fallen victim to the bulls. This rally has gone much further than anticipated and may have broken the bears. The short interest on the S&P 500 has fallen to levels we have not seen since before the Great Financial Crisis in 2007. The bears are almost extinct - and that is not good news. The market is in better condition when there