Two summers of doing nothing
Labor day is only a few weeks away, and it is looking like the summers of 2004 and 2010 will both end up flat for SPY. Three observations: Last week’s move above 113 was interesting, it was close to bouncing off the 2004 top trendline, perhaps we will finally see some sort of recognizable pattern to the market tops in 2010. Squinting at the …
