S&P 500 Stabilizing?

10/20/2008 9:24 am EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

chart

The S&P 500 held above the recent lows at 850 and closed higher for the week. The short term weekly momentum is still declining but is at oversold levels. A higher close this week could turn it higher. Initial resistance at 1050 with more important above 1150.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on STOCKS

Keyword Image
Crude Oil is Stuck in The Mud
01/17/2019 10:36 am EST

The oil market is having a hard time getting anything going lately as bearish and bullish forces are...

Keyword Image
S&P 500 at Turning Point
01/17/2019 10:08 am EST

The equity rebound may have run its course as the S&P 500 faces numerous technical hurdles, repo...