Tuesday, June 22, 2010

SMA200, morning update

Pretty bad housing data but bears lack confidence to push SPX bellow SMA200,  around 1111-1112 right this minute. Let's see if they are going to get more aggressive by the end of the day.

Yesterday's reversal, what does it mean?  Here is an interesting point of view.

 2:15 update, SPX moves bellow SMA20!

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