2009-06-26

S&P 500

50 and 200 day MA made a cross. Price bounced from both 50 and 200 day MA.

However, potential Head and Shoulders top could be forming in S&P 500. If H&S pattern is complete, target is 825. Confirmation is ~ @880 level.

But do not forget H&S is not complete, until is not complete :-)

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