S&P 500 INDEX - $INDU
Monthly chart shows increasing selling momentum, with index well below all its key moving averages, and no buy signal/pattern evident. 
Weekly chart shows a lower high made in May 2008, where the bears started selling hard. Index is well below all its key moving averages and closed below the March 2008 low. No buy signal/pattern evident on this timeframe. 
Daily chart shows index made a new low on Friday, but remains below all its key moving averages as well as the down trendline in place. No buy signal/pattern evident on this timeframe.
Sunday, July 13, 2008
$SPX Update for 07.13.2008
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