Saturday, December 27, 2008

$SPX Update for 12.27.2008

S&P 500 INDEX - $SPX

Monthly chart continues to show weakness with no buy signal/pattern in place.

Weekly chart continues to show weakness with the bears managing to close the week slightly lower than the week before.


Daily chart shows the bulls managed to find short term support the last 2 trading days of the week. Need to see if they have conviction for continued follow through to the upside.

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