Wednesday, August 26, 2009

S&P500 Overbought/Oversold Status (Aug 26th)

S&P500 in short term: extremely overbought.
S&P500 in intermediate term:extremely overbought.
S&P500 in long term: neutral.

Short Term Resistances:
R1: 1040
R2: 1050

Short Term Supports:
S1: 1015
S2: 1000 (Psychological Support)
S3: 980
S4: 950 (MAJOR SUPPORT)