It's the retracement that counts


  • Jason Goepfert

    Jason Goepfert

    Published: 2020-04-07 at 15:20:29 CDT

Buyers have continued to follow through, pushing stocks past the threshold that stops most bear market rallies. Through 11 trading days after the low, the S&P 500 has retraced more than 40% of its decline. In the past, rallies that went past this point were sustainable. The intraday reversal was not a good reason to sell.


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