Saturday, May 19, 2012

Bulls Need A Push Toward S&P 500 1,360

The green arrows show where the blue trendlines recently acted as support. Those levels (below the purple arrow) will now act as possible resistance. A move above 1,360 would improve the odds for a somewhat sustainable bounce. The chart below is as of 1:15 p.m. EDT.


Source: http://ciovaccocapital.com/wordpress/index.php/stock-market-us/bulls-need-a-push-toward-sp-500-1360/

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