Interesting observations on where the S&P500 is heading. ITZ view is that near term we could possibly see a 5% to 8% pullback, which would be bullish longer term. But longer term remains bullish on the markets.
ITZ posted a suggestion today to hedge a an equity portfolio via Proshares Ultra Short Pro S&P500 (SPXU) defining support & resistance levels.
CNBC's Jeff Cox explains whether the S&P can stay at the 1350 mark.
Jim Cramer of CNBC's Mad Money looks at the long term charts of the S&P 500.