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19. June 2012
S&P 500: Did the 13.74-Point Rally Finish the Move?
From an Elliott wave perspective, there was a good reason for the June 15 rally
By Elliott Wave International
There were few "fundamental" reasons to be bullish on U.S. stocks on Friday morning (June 15). If anything, the news that the U.S. unemployment rose in 18 states in May sounded downright bearish.
But stocks rallied anyway.... Read more.