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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Friday, March 20, 2009

$SPX 60 day - 60 min


There is not much reason to look at anything but the braoder market today as it is quarter end and Quadruple Witching for contract expirations. So the action on S&P 500 should contain some wild swings as trades are unwound.

Here it is plain to see that 805.32 holds significance as upward resistance. Question is will it break out or bounce back to find support at the converging 50/200 60-minute EMA's at 764.

Either way it is difficult to put money to work on days like today and worth te price of admission ($0) to be a spectator today looking into entry oints for next week.


For the Web's best interactive charts, please visit http://www.Prophet.Net

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