Yesterday’s continuation of S&P 500 rally has seen it reach a very important milestone. On the chart, it has pierce through 828, but not with strong volume. The missing volume is a critical factor as this is a level that has been tested 3 times this year before it finally break down. Just as it… Continue reading S&P 500 : Will it turn now?
S&P 500 has a distribution day on 20th March 2009.Â We can see that S&P continue to face resistant at the 800 level. A break through above this level could suggest continuous ‘up trend’. However, we need to be careful about a continuous ‘bear rally’. With this turn, the chart is suggesting the rally is… Continue reading S&P 500 : Week ending 20 March 2009