Tuesday, May 26, 2009

Sunny California

I'm going to be out of town for the rest of the week, so not sure how frequently I'll be able to post. Here's my view of the S&P 500 before I take off.

Today's bounce further validated 880 ish level as formidable support. For us to really get the party started on the bear side we need to take out 880. On the upside 930 ish and coincidently the 200 MA seem to be worth watching as resistance.

Good luck on your trading!


1 comment:

KrengelFamily said...

I'm jealous. Have fun in California.