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.