Is The Rally in Equities a Correction?

(The Technical Analyst)The S&P has rallied strongly since Boxing Day, rebounding from its most oversold extreme since 2011, but George Davis at RBC Capital Markets asks whether the rally is just a bear market correction. Looking at a Chart of the S&P 500, Davis says a close above the October to December double bottom at 2604 has been a bullish development.

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