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发表于 2010-9-20 12:23 PM
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From OptionMonster.com :
After four months of traversing a wide trading range, the S&P 500 has finally broken through the top at 1131.23, which was the June pivot high. The next resistance is at 1148.66, with support now at 1131.23.
The close will be important today. A failure to hold above 1131.23 would be bearish, given the length of time it has taken for the index to snap the range.
For the bulls the big risk now is that this low-volume breakout proves to be range expansion of a minor sort rather than a genuine momentum move high. For the bears, the risk is allowing more positive momentum to go unchallenged, which would leave them with no supporting technical catalysts for selling the index until the top of the January range of this year above 1150 is tested at a minimum. |
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