Stocks Remain At A Fork In The Road
The S&P 500's been "stuck" for two years now. What the S&P 500's price action in April did do is put the S&P 500 in position to break out to the upside. We called April's price action pivotal, but the S&P 500 decided to sit idle in park for the majority of the month and that's anything but a pivot. So now it's the price action in May that will probably prove pivotal and we can't imagine the index can idle for another month.