S&P Technical View

By | July 6, 2009


The S&P 500 is similarly headed for a test of support at 880. Breakout would test primary support at 670. Reversal above 950 is now unlikely, but would signal a primary up-trend with a target of 1100. Bearish divergence on Twiggs Money Flow (21-Day) warns of selling pressure, but the longer-term (13-Week) indicator is more evenly balanced: a fall below 0.1 would confirm the down-swing, while a rise above 0.3 would indicate a primary advance.

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