S&P Technical View

By | July 28, 2009


The S&P 500 confirmed the Dow up-trend with a breakout above 950. The index is headed for a test of 1000. Breakout would indicate a primary advance with a target of 1300*, the August 2008 high. Rising Twiggs Money Flow (13-Week) confirms the up-trend. Reversal below 950 is now unlikely, but would warn of a bull trap.

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