We'll watch carefully for a rally above the 1292 but also be cognizant that this area could still act as resistance.
SPX Daily Chart:
Wednesday, August 6, 2008
SPX: At The Gates
The SPX put in a good positive day and banged once at the 1292 gates but was not granted entry. This is the 38.2% retracement level and the highest close since June.
We'll watch carefully for a rally above the 1292 but also be cognizant that this area could still act as resistance.
SPX Daily Chart:
We'll watch carefully for a rally above the 1292 but also be cognizant that this area could still act as resistance.
SPX Daily Chart:
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