Buyers Showing Signs of Fatigue

The broad averages have struggled in vain this week to reach relatively modest rally targets, suggesting buyers are growing fatigued. Although the S&P 500 intraday chart showed a battle going on between bulls and bears, the latter appeared to hold a slight edge at Tuesday’s close. This is despite the fact that stocks ended the day with a sharp recovery.  Bears would be on the run once again, however, if stocks move only moderately higher between now and Friday. My latest E-Mini S&P tout provides some precise numbers to judge the likelihood of this, so check it out!