SPX managed a surprising close above the old 2003 trendline support (1270; see black line weekly chart) and is stalled right at 10 weekly ema. If bulls can manage another SPX close tomorrow above 1270, it could seal the deal. There could be some kind of hangover tomorrow after so much buying, but it will be the close that will tell the story ahead of the weekend.
This entry was posted
on Thursday, June 29, 2006 at 3:43 PM.
