S&P 500 Closes Bellow 1.040 For The First Time Since September 2009

Technicians have drawn the S&P 500 line in the sand at 1.040 points. Every investor noways considers that a critical technical level. It got broken a few times intra-day,  but now we have first closing bellow.

The next resistance is at 880, if we get three consecutive closings bellow 1.040 that would be my next target.

Chart 1. S&P 500

Source: StockCharts.com

This entry was posted on Wednesday, June 30th, 2010 at 2:39 pm and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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