This is the weekly chart for the S&P 500 Emini. As you can see we have a trendline just under 1233 with another area of support at 1213. I expect us to test it this week as the Dow approaches 11,000.
Watch for some major support and buyers to come in in the the 1213 area, from here we have a nother 30 points to go for the next major support. We are also watching to see if we get new lows on the RSI for a continuation on this move.
Watch for some major support and buyers to come in in the the 1213 area, from here we have a nother 30 points to go for the next major support. We are also watching to see if we get new lows on the RSI for a continuation on this move.
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