Thursday, August 11, 2011

A very good day

Today’s move was a very good day for the market and on the 30 minute chart below, you will see that we may have found a bottom at $1118. May being the key word. We also crossed the 5 day moving average, but all moving averages are still pointing down and it is just way to early to make a call. If you’re a gambler, here is your chance. No clue what will happen tomorrow, but current futures are slightly down.

sp-daily

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