S&P500 Finding Resistance @ 200-day

Looked like today could be the day the S&P500 broke through and closed above its 200-day.  That is, before the tape bomb out of the S&P putting most of the ‘Zone countries on negative watch for a credit downgrade.  Let’s see how this plays out in in Europe tomorrow and whether the hardliners in Germany say, “… told you so!'”

The chart of S&P500 shows why the 200-day moving average matters and should be monitored.

(click here if chart is not observable)

This entry was posted in Equities, Sovereign Debt, Sovereign Risk and tagged , . Bookmark the permalink.

1 Response to S&P500 Finding Resistance @ 200-day

  1. Pingback: Tuesday 7atSeven: Irish insights | Abnormal Returns

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