The S&P closed last week on the 21 day moving average, just like the week before. We are still holding support (the yellow line), and there is no sell signal yet. Resistance(sellers) is the white line(200 day moving average) at 935, and Support(buyers) is the blue line(50 day moving) at 850, in the coming week(s). We are currently in the middle of the two.Monday, May 25, 2009
nothing has changed since last week
The S&P closed last week on the 21 day moving average, just like the week before. We are still holding support (the yellow line), and there is no sell signal yet. Resistance(sellers) is the white line(200 day moving average) at 935, and Support(buyers) is the blue line(50 day moving) at 850, in the coming week(s). We are currently in the middle of the two.
