S&P 500 ($SPX) strongly showing higher tops and higher bottom formation
By Mark Moneymaster
November 09, 2009 7:48 AM
November 09, 2009 7:48 AM
Symbols: S&P 500 ($SPX)
Posted in: Pre-Market Outlook, Markets
S&P 500 ($SPX) has been strongly showing signals of forming higher tops and higher bottom since July this year.
The S&P 500 ($SPX) index, which is a broad representative of US stock market, currently around 1069 points, has yet again broken past the resistance level of 1060 points on Fridays, and could move up to 1090 points.
If S&P 500 ($SPX) remains successful in reaking past the next resistance level mentioned, it has a potential to even make it to 1120 points in this month itself.
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