Where are the stock markets going now : SP500 might get the hourly trends down but remember that there is a very strong cross on upside, a buysignal on this daily chart and I do not expect any drop to get below 1.578. This is probably why the index is holding up so well. There could be several days or longer before the rising 8 MA starts to slacken.

30/04/2013

SP500 might get the hourly trends down but remember that there is a very strong cross on upside, a buysignal on this daily chart and I do not expect any drop to get below 1.578. This is probably why the index is holding up so well. There could be several days or longer before the rising 8 MA starts to slacken.

SP500 day 10:45

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