October 21, 2010

S&P 500 Near 50 hour moving average

  • SPX is trading below its 50 hour moving average
  • Important support is at 1167.
  • Staying below the 50 hour moving average and breaking 1167 will deepen the correction.
  • If 1167 holds an up move from here is possible.
  • US DOLLAR INDEX : BROADENING TOP AND HNS PATTERN
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