The market has been wild over the past four months. A few months ago I wrote about the changing of the trend on the S&P 500 index. Coming into this year the market had pulled back nearly 20% from the high, just barely missing the mark — by one classification method at least — of being called a bear market.

January turned the tide, though, and until the end of April the S&P 500 was on a tear. During that time I thought there is a real chance of the market finding resistance and heading further down than it did in December, finally pushing the S&P 500 into a bear market.

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