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Market Back To Former All-time Highs

June 21, 2013

How is the market going to react to these old 2007 highs? Does that famous 1576 even matter anymore?

What do you guys think? Should this serve as some support, now that we're back to what many have called a historic breakout and confirmation of a new secular bull market for US stocks?

6-21-13 spx

For you breakout & retest aficionados, I'd imagine you love this one. Me personally, I'm not sure what to think. I'll tell you this though, it's not something I'm making any decisions based off of. But I do think it's interesting to bring up and at least discuss. What do you guys think? Is this relevant?

 

Tags: $SPX $SPY

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