Tuesday, February 10, 2009

s&p 500 past month

got a hit today from someone searching for:

s&p 500 past month

so in my continuing effort to make sure that people actually find what they are looking for as they query the net, here is an hourly equivolume chart of SPY over the past month:

the big down volume today obviously not a good sign. the ema moving below the ma indicates downward momentum in the short-term. if the support levels of the past few weeks give way then we should be looking for quick test of the November lows, although it would not surprise me to see the Five & Dime carve out an even more extended price formation in the 800s.

click here for an updating one month chart of the S&P.

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