Tuesday, November 24, 2009

US stock market summary ---- 11/24/09


From 60 min chart, Nasadq is trading within the descending triangle. Breaking out from the descending triangle would be short term bullish. Breaking down from the descending triangle woule be short term bearish.
From 60 min chart, $SPX is traing with the range: 1085 to 1112. Breaking below 1085 would be short term bearish. Breaking above 1112 woule be short term bullish.

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