Sunday, April 6, 2014

Tough Week Is Ahead For Bulls



SPX found support on its Active Uptrend Line and 20 D-SMA last Friday.  A close below AUL tomorrow would signal a test of 50 and possibly 100 D-SMA this coming week.   There is a good chance, however, that after a quick sell off early Monday, SPX rallies to test overhead resistance at its recent new all time highs. 


Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.
on