Monday, September 13, 2010

Above SMA200

SPX moved just a little above a well watched level, SMA200. This is the third attempt to claim this level. The last two times SPX went above SMA200 it lasted only a few days. We are now slightly above June's high but bellow August's high. Even if market decides to go down again it's important to close above 1128 so we can have a higher high.

Daily DMI is positive, not by much but it's in green.


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