Re: Noteworthy S&P 500 Charts

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Babaoriley

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Re: Noteworthy S&P 500 Charts

in response to

Noteworthy S&P 500 Charts

vhf

posted on May 18, 2009 06:38PM

"If the sector can hold its price and then trade higher on Monday, technicians will interpret this as a sign that the rally will resume. If the sector breaks support and trades down, the uptrend will be broken and lower prices will most likely ensue."

Pretty unequivocal answer to the above given today by the financial sector, up 6-7%! I really expected it to go down today, perhaps that's reason enough for it to have gone up.