S&P 500 INDEX - $INDU
Monthly chart shows a tradeable bottom is currently is in place. Look for consolidation/trading range, and an upside target to the 8ema and the .382 fib retracement level of about 1,000 as upside target.
Weekly chart shows the bulls managed to close the week decisively above the 8ema. Look for continued follow through to the upside in a bear market rally (consolidation/trading range).
Saturday, January 03, 2009
$SPX Update for 01.03.2009
Posted by TraderZ at 1/03/2009 01:40:00 PM
Labels: $SPX
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