No question, this market rally has been persistent. So today we thought it would be prudent to post up the most recent video from the guys at MarketClub examining the S&P 500 which could give cause to be cautious. Their quick technical analysis shows that from the highs in October 2007 until now, there is a definitive trendline to the downside that the market has rallied right up to. Conveniently, this same level serves as a 50% retracement if you draw out the fibonacci tool from those highs of October 2007 to the lows of March 2009. Check out the technical analysis of the S&P 500 for more.
Tuesday, October 20, 2009
Taking A Look At The S&P 500
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