The S&P must close the week above its 200 day moving average to keep a Bullish scenario alive. Things looking rather precarious at this location.
Monday, November 12, 2012
S&P under the 200 day moving average *warning*
The S&P closed last week under the 200 day moving average. We are currently at a location with high probability of ripping to the downside, with Tuesday and Thursday most likely being the high volume days.
The S&P must close the week above its 200 day moving average to keep a Bullish scenario alive. Things looking rather precarious at this location.
The S&P must close the week above its 200 day moving average to keep a Bullish scenario alive. Things looking rather precarious at this location.
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