Monday, August 25, 2008

$SPX Update for 08.25.2008

S&P 500 INDEX - $SPX

Today's trading indicates that the bears have now taken control, taking back all the gains made by the bulls in the prior two trading sessions. Look for continued weakness this week, with a test of the August 2008 low before a break and lower. Next downside target is the .786 fib level.

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