Tech talk: Simple correction or is the bear back?

摘要

The pullback in the markets since the third week of January should not be taken with a great deal of surprise, though it became more serious in February. After lower than expected inflows of capital came into the market after the New Year, March S&P futures were pushed into an overbought position as measured on a daily RSI. After failing to build enough momen turn to push through the 1152 level the S&Ps retraced, finding initial support at 1126.