Levels are extremely stretched so I'd be looking to play strong fundamentals over momentum here. Unless you can manage a tight stop-loss.
Showing posts with label S&P500. Show all posts
Showing posts with label S&P500. Show all posts
Tuesday, 16 December 2014
Looking lower on S&P
The chart below highlights key areas on the S&P500 monthly:
The weekly chart highlights the more immediate concerns:
Levels are extremely stretched so I'd be looking to play strong fundamentals over momentum here. Unless you can manage a tight stop-loss.
Levels are extremely stretched so I'd be looking to play strong fundamentals over momentum here. Unless you can manage a tight stop-loss.
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