S&P 500 big picture

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Stockcharts.com

thinkorswim

Prophet Financial Systems, Inc.

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By: Stubborn Bear

Jun 11 2008

6:59 pm

Tags:

Category: Setups

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Tag cloud: INDU IWM IYR IYT NVDA QQQQ SPX TNX UPS USD VIPSX XLF

I hadn’t noticed this until now.  The S&P 500 reversed on its 50 week MA (blue line). I think it’s safe to say that what we saw from March – May was just a plain old bear market rally. 1250 has a very low chance of holding.

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