resistance points

The Investingfreak Special SPX chart re-visited

Posted by Investing Freak on April 14, 2010
Market Analysis / 3 Comments

Back on March 28th I posted an InvestingFreak original chart of the S&P500. ¬†Blue line is 10SMA and It has held for a few months now but as the market heads higher it faces a few resistance points, is 1216 the absolute top (I have preached that number offline for a while now) and a good correction of 100 points upon us? ¬†Remember that at this point all positive earnings might be faced with a “sell the news” attitude.

I don’t have time for the nightly recaps but I will leave you with an updated chart that you will like. (Click To Enlarge)

Have a good night and make some money!


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