SP500 Pullback. Does it Mean Anything?

SP500 Pullback. Does it Mean Anything?

From vantagefx.com

Good afternoon traders, With the Fed taking a hawkish stance following FOMC, the S&P 500 is starting to experience a little hiccup. On a massive bull run, check out the hourly price action on our MT4 chart below: As you can see, price has experienced some whipsawing price action, but in the bull market that we’re in, previous swing high resistance is now being respected as support. But for how long? Also, please don’t forget where we are in the grand scheme of things. Take a look at the weekly chart: Lucky the media is talking about that Bitcoin bubble and stocks are safe… Right…? Oh. Enjoy your weekend 🙂

down about 0.5% off the last ath and it's a "pullback"

"If The Fool persists in his Folly he will become wise." - William Blake

At some point the S&P is due for a correction, in some aspects it is overdue. When and how to identify such a signal will be the big question.

It means that it pulled back....!!!!