Volume was up but that was most likely associated with options expiration. The SPX reversed but ended lower than yesterday’s high. The market may move higher from here, but nothing in the charts says it is probable.
Expiration Day Reversal
November 21st, 2008 6 Comments
Tags: Financials · Gann Angle Fan · Gold · Standard and Poor's 500 (SP500)
Dow, Nasdaq, VLE, and SPXEW Above 2002 Lows
November 21st, 2008 3 Comments
The charts of these major indices have not moved beyond the 2000-2002 bear market low. The SPX must contain more financial stocks that are heavily weighted as compared to the other indices.
Tags: Dow Jones Industrial Average · Nasdaq Charts · Standard and Poor's 500 (SP500)