Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice. Furthermore, the opinions expressed may change without notice.
Saturday, September 4, 2010
Will Bear Market Resume Next Week?
There is a good chance the bear leg that started in late April resumes next week. SPX is up against the primary downtrend line now which happens to coincide with the 100 D-SMA at 1105. 100 D-SMA has turned SPX back down twice in the last three months. It very likely does it again starting next week.
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