Friday, June 26, 2009

S&P500 & Dow Jones Charts

S&P500 chart:

S&P500 could find support at 200 SMA next level to watch is 927~930.
S&P500 in short term: oversold
S&P500 in intermediate term: extremely overbought
S&P500 in long term: oversold to partial neutral

Dow Jones chart:

Dow Jones is beneath 200 SMA if it could move higher next stop would be 8607.
Dow Jones in short term: oversold
Dow Jones in intermediate term: extremely overbought
Dow Jones in long term: oversold to partial neutral