Tuesday, November 2, 2010

S&P at important levels

I have been going on and on about the importance of weekly MA(200) on the S&P lately. This is right where the market was rejected in April. Well, thanks to today's action, the market is just slightly above it as of now. Watch this level closely! A weekly close above it would be very bullish in my opinion.
 
 















Take care and good luck!

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