S&P 500 INDEX - $SPX
Monthly chart shows continued indecision between the bulls and the bears. No buy signal or pattern evident on this timeframe.
Weekly chart shows weakness as index is below all key moving averages. No buy signal or pattern evident on this timeframe.
Daily chart shows increasing weakness towards the end of the week, with the bears closing the index on the low for the week. IF this is a consolidation/trading range and wave 4, THEN look for lower low to complete wave 5.
Saturday, March 29, 2008
$SPX Update for 03.29.2008
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