S&P 500 Financial Sector At Key Inflection Point(zz)

oldfairy · 发表于 2009-5-17 12:23 AM

The S&P 500 Financial sector is down just over 12% from its recent intraday high last Friday. And heading into next Monday, the sector is currently sitting at a key inflection point that should help identify which way the sector will trade over the next month or so. As shown below, the Financial sector is currently sitting right on support that formed when the sector hit its highs in early April. It's also sitting right at the bottom of the tight uptrend channel that it has been trading in since the March lows. If the sector can hold its price and then trade higher on Monday, technicians will interpret this as a sign that the rally will resume. If the sector breaks support and trades down, the uptrend will be broken and lower prices will most likely ensue.

soulvirus · 发表于 2009-5-17 12:37 AM

犮不戒 · 发表于 2009-5-17 12:49 AM

snowwolf229 · 发表于 2009-5-17 12:49 AM

izan · 发表于 2009-5-17 03:16 AM

BOON · 发表于 2009-5-17 08:54 AM

stringzero · 发表于 2009-5-17 10:12 AM

Bespoke is a good website

Billyboy · 发表于 2009-5-17 10:22 AM

yshi8141 · 发表于 2009-5-17 12:21 PM

It makes sense based on the chart, but in current market situation, the chart might just be a bite.

股市小新兵 · 发表于 2009-5-17 01:10 PM

这个是预测？还是总结规律？

ultimate · 发表于 2009-5-17 07:23 PM

acura · 发表于 2009-5-17 11:21 PM

thanks

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