As I mentioned in the last market health blog post, the market has turned to the bearish side and I have two videos for you taking a look at this important index. One video is from me, taking a look at all the important support and resistance levels on the weekly, daily and hourly time frames of the SPY (S&P tracking ETF) and the other is from Adam Hewison of Market Club taking a look at the S&P 500. He highlights the fibonacci retracement as well as his proprietary trade triangle technology to determine how to play this market in the coming weeks. We both come to the same conclusion.
Click the image to view Adam’s video
Click the image to view my video
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Was Friday’s Price Action in Gold Signaling a Top in the S&P 500?
(Scott's Investments, 2/6/12)
Portfolio Update: Value Stock Guide Portfolio Up 12.90% vs 4.41% for S&P500 in January 2012
(Value Stock Guide, 2/4/12)
Why We May See a Rally in U.S. Stocks
(Money Morning, 12/19/11)
Three Reasons Stocks Could Jump 18% in 2012
(Wall Street Daily, 1/24/12)
Filed under Weekly/After Stock Market Review Archives by Tate Dwinnell
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