Tuesday, May 8, 2012

Hourly and 30 min S&P 500 charts

Are we near the abyss? yes.. below 1342.25 means 1340. below 1340 means (1) 1300 then if fails (2) 1250 if that fails (3) 1200... 

seems simple.. 

but that is the way we rose from 1068 into 1422... with commodity pressure still coming into the market and a VIX that still is showing calm it is anybody's guess what the market has up its sleeve. Greece really ruined any bit of confidence the eurozone had in the country, question is now will get get leaders elected before the country defaults in a month? 
1 hour
30 min