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Alpha TrendsAlpha Trends is dedicated to unbiased technical analysis of momentum stocks or stocks that look poised for a large move in either direction. It is updated by Brian Shannon with video and written technical analysis of the equities markets and individual stocks. |
Video Stock Market Technical Analysis Review 9/26/07
Posted on 10/26/2007 22:13:08 | Link | Post Comment
After breaking below the 200 day MA yesterday, the IWM recaptured that level and it looks like that weakness may have been a short lived trap. As pointed out yesterday, the IWM and SPY both found support at the 61.8% retracement of the move after the Fed meeting as well as the location of the rising 10 day MA. The lows from Tuesday in both of those market will be important levels for the market to hold going forward for the buyers to remain in control.
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Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
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NOTE: Please click on the charts below to enlarge them i [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
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