Tuesday, November 25, 2008

SPX - It's A Tough Rally Ahead?

Thankfully, the Oct's low at 760 was not tested on Monday, thanks to Citi's bailout package announcement over the weekend.

This took all major indexes into the positive territory throughout the trading sesson on Monday and ended with a 2nd day rally, something not seen in months.

SPX - Daily Bar Chart (a couple of resistances ahead)

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