S&P500
S&P500 has been in correction mode since early May. The correction was foreshadowed by a bearish divergence between the underlying prices and RSI. Latest prices not only violated the uptrend line but also the 100MA. Key support at 1250, a support level from March low confluence by 200MA.
Labels: Market Direction
posted by Market Wizards @ June 06, 2011
Comments: 0
