S&P Holding Lows So Far

02/19/2009 10:00 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

chart

The SPY and S&P 500 futures are still holding above the November lows, but the chart pattern cannot be considered positive at this point. Most of the technical and A/D studies are still well above the November lows, but a very strong rally and close above 88 is needed to turn them positive.