Wednesday, March 3, 2010

SPX - Market Report Daily 04032010

Second flat session today, after close last tuesday above 1116 reference number
daily,weekly and monthly chart.
Only expect new highs of the year if close daily chart above 1132.
MACD reversal again need confirmation with close hourly below 1117.
Close hourly below 1117 target 1105 possible extension to 1100 again...
Tomorrow, weekly jobless claims at 8:30, then Factory orders at 10:00.
Click to zoom in. Good Luck