dex
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- Joined
- Oct 28, 2003
- Messages
- 5,105
I don't follow charts. You had expressed strong doubt that the S&P500 could close above 1100 on Friday.
Audrey
Confess, you looked at the charts and were surprised as I was. There isn't anything wrong with looking.
Is a guess (see below), a strong doubt?
Let's not forget this is a secular bear market.
The 1100 area is one place to watch, on a closing basis (it isn't a magical number - don't think if it closes above 1100 we are in a new bull market; just an area of resistance to watch). My guess is that people don't want to be long into the 3 day weekend so the S&P won't close above 1100.