Friday, April 10, 2009

$SPX Update for 04.10.2009

S&P 500 INDEX - $SPX

Monthly chart shows the March 2009 low holding and aggressive bulls stepping back into the market.

Weekly chart shows the bulls continue to gather momentum as they manage to close the index above its 8ema, and the down trendline in place.


Daily chart shows the bulls continue to gather momentum as they managed to close the week with a higher high. The CCI moentum indicator shows regular divergence with this last move up into higher high.

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