Market Internals Positive

12/15/2008 9:20 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

chart

The McClellan Summation Index has moved further above its WMA and is testing its downtrend. Fridayʼs higher close after the negative news was encouraging. First S&P resistance at 915, then at 950.  The negative weekly analysis makes a move above major resistance at 1050 unlikely. Key support at 816.

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