Day Trading Radio Stock Market Radio Show - Trader Education | Live Alerts | Technical Analysis - $SPX...
Published: Sat, 05/30/09
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- $SPX Weekly - 2009-05-30 23:27:59-04
The weekly chart is something to take notice of, it is consolidating and constructing a pennant. A break out of this will be very bullish so a move above 920-930 would be a big break of the pennant, but a break of 880 would be bearish. This has been the range the market has chopped around for the last couple of weeks. Till one of these S/R levels are broken expect a round bound market.