Wednesday, March 25, 2015

S&P 500 -- Chart of Bullish Trend

There are many ways to draw a chart of the S&P 500. Here, I look at the intermediate-term uptrend in the S&P 500 SPDRS (SPY), which tracks the S&P 500.

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It wouldn't surprise me to see the S&P 500 sell off for another day or even into the end of the week. Support needs to hold at that uptrend. A rally from that level would be a good buying opportunity.

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