Sunday, June 22, 2008

$SPX Update for 06.22.2008

S&P 500 INDEX - $SPX
Monthly chart shows increasing selling pressure as bulls are unable to gain any traction in taking the index higher.

Weekly chart shows the bears came out in force this past week, as they closed the week on its lows.
Daily chart better shows the consolidation pattern being made. Look for the March 2008 low to tested and then broken in the week(s) to come.

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