Weekly Mo Up

11/03/2008 9:12 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

chart

The S&P 500 held above the support in the 840 and closed very strong last week.. There is next resistance at 1020-50 and then much stronger at 1130-50. The momentum (RSI3) has turned up from historic oversold levels and should now rally back to the 50 area. There are no signs yet of a major low.

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