Total Pageviews

Tuesday, June 19, 2012

Thwarted


The market stalled out a bit earlier this afternoon at the 50 day moving average on the S&P 500.  This lined up very nicely with the very key 2900 level on the NASDAQ which is a multi year resistance/support area.  I'd consider the action today constructive as long as there is not a major flush here into the close.  1340 and 1370 on the S&P 500 are going to be key areas that those of you following along this year should be very familiar with – they have been battleground spots throughout 2012.

No comments:

Post a Comment