Tuesday, May 4, 2010

S&P500 Technical Analysis (05/04/2010)

S&P500 Technical Analysis Chart:

S&P500 Technical Analysis Chart(from April 29th Article) :
Thanks for your feedbacks, I'm glad I could help my readers to close their long positions before market tanks. As I mentioned in my previous articles, 1152 is the major support, we should wait to see if big institutions are going to step in and push the S&P500 higher or not. Please note I would not recommend anyone to go long at these levels, you should wait for conformation, before press buy button.