What the stock market is doing is playing in what could be a protracted trading range, says technical research from MKM Partners. But watch out, ghosts of 2008 could abound.
![MKM S&P projection 2008 Trading Range](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20770%20517'%3E%3C/svg%3E)
Extreme bearishness led to 2008 trading range short rally, but bulls should not get their hopes up
Two weeks ago, market pessimism reached an extreme – a key bullish sign. “Bearishness and downtrends often go hand in hand, just as optimism often reigns in uptrends,” MKM Partners Chief Market Technician Jonathan Krinsky wrote in a Feb. 21...
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