The S&P 500 initially pulled back during the course of the trading week to reach down toward the 4700 level. The 4700 level is an area that has been important multiple times. All things being equal, the market has turned around to show signs of life, and it does look like we will eventually break out. Short-term pullbacks are buying opportunities, and I think that given enough time that we could go looking toward the 4900 level, followed by the 5000 level. USD/JPY {chart} The S&P 500 initially pulled back during the course of the trading week to reach down toward the 4700 level. The 4700 level is an area that has been ... (full story)