Saturday, February 13, 2010

SPX500 - Weekly Market Report

Weekly Market Report for (February 14th, 2010 - February 20th, 2010)
SPX reversal again this weeks after fourth consecutive week.
Last week we also mentioned 1055 daily suport area or 1040 monthly after made target short term. We shall see if the market can bounce from here first resistance 1078,26.
If this is only pullback just like we had between 2004 and 2007 market need:
1- Hold this correction above 1025( number for the next week= Bears need to close weekly below that).
2- Hold MACD between neutral zone (0) and red line coming weeks.
Where are we now. Price... Click to zoom in. Good luck Cheers!!
Last Update Daily >>> remains valid here
Last update Monthly. Why 1040 key number? here
Last update Monthly ** Long-term last 15 years **
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