Friday, February 19, 2010

SPX500 - Weekly Market Report

Weekly Market Report for (February 21th, 2010 - February 27th, 2010)
SPX gain 33.66 point this week and close the near the high.
Some analysts write that this moviment is just like june 2009.Sorry guys we have here a difference. Now he had a sell signal MACD weekly but above 1027 "key number next week" trend bullish.
If this is only pullback just like we had between 2004 and 2007 market need:
1 - Hold this correction above 1027 ( number for the next week= Bears need to close weekly below that).
2 - Hold MACD between neutral zone (0) and red line coming weeks.