10
Jan
stored in: Uncategorized
Where do we go from here?
The S&P 500 closed on Friday, Jan 9th, 2009, right at the 20 & 50 dmv. At the same time, a trend line can be drawn from Dec 23rd’s closing to Dec 29th to yesterday’s closed, where do we go from here for the next 2 weeks, Monday will tell.
The pullback was necessary, and technically it is considered to be bullish. However, I think there is just too much bad news out there for the “Obama’s we believe” rally to digest.
