S&P 500 INDEX - $SPX
Monthly chart remains bearish as the index is well below all its key moving averages. Market found short term support off the prior key LIS and October 2002 low. For the time being, this level is holding.
Weekly chart shows that the bulls managed to take back the losses of the week before. Index remains below all its key moving averages. Need to see strong upside follow through this coming week in order to have a good tradeable bottom.
Sunday, November 30, 2008
Posted by TraderZ at 11/30/2008 03:06:00 PM
Labels: $SPX
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