Industrial Sector Completes Major Low

08/10/2009 9:20 am EST


Thomas Aspray

, Professional Trader & Analyst

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The weekly chart of the S&P industrial sector shows the completion of a reverse head-and-shoulders bottom formation with the close above the neckline. The upside targets are in the 280 area. This helps reinforce the view that a major market low was completed in March. Good support is in the 200-210 area.

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