Weekly Studies Still Strong

05/05/2009 9:19 am EST


Thomas Aspray

, Professional Trader & Analyst


The multi-month positive divergence in the weekly RSI, last discussed on April 8th, was a positive indication for the S&P 500. The divergence was confirmed by the breaking of both downtrends with next key resistance for the S&P now in the 950 area. The 50% Fib fan line is now in the 1050 area with first good support at 850.

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

Related Articles on STRATEGIES

Keyword Image
MSG Networks: A Sporting Chance
12/12/2018 5:00 am EST

Validea is an advisory service which assesses stocks based on the investing criteria of many of the ...