Friday, March 13, 2009

S&P 500: Short Term Overbought at Resistance

The S&P 500 (SPX) has rallied 13% in three days off the ominous intraday low of 666. SPX is now up against resitance around the 750 area and is short term overbought. Today's action will determine if a push to 800 is in the cards or not.
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1 comment:

  1. AnonymousMarch 13, 2009 at 7:33 AM

    Are you shorting here or will you wait for a drop below 720

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