200 EMA Alert.

Published: Mon, 06/01/09

S&P 500 is approaching it's 200 EMA Daily moving average at 943-944.  The 200 period moving average is the strongest average to be found on the chart and should be watched closely, for a reaction.  Not saying that we are going to pullback from it but it should act as short tern resistance and a pullback would be expected.