S&P 500 INDEX - $SPX
Monthly chart shows bottoming tails into support and key LIS. However, index remains well below all key moving averages and the down trendline in place.
Weekly chart shows the bulls managed to hold into the gains made the week before. Index remains for now, below all key moving averages and the down trendlines in place. Aggressive buy signal/pattern evident on this timeframe with the bullish engulfing candle pattern and the harami candle pattern in place.
Sunday, December 07, 2008
$SPX Update for 12.07.2008
Posted by TraderZ at 12/07/2008 12:02:00 PM
Labels: $SPX, bullish engulfing, harami
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