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S&P 500
5,466.23
(
-1.61%
)
US TECH 100
18,710.80
(
-2.67%
)
Dow Jones
40,010.39
(
-0.86%
)
Brent Oil
81.26
(
0.59%
)
Bitcoin
66,394.98
(
0.72%
)
Post# of 4974955
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Longtrader783

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Longtrader783

Re: None

Sunday, 02/21/2010 6:58:48 PM

Sunday, February 21, 2010 6:58:48 PM

Post# of 4974955
S&P Prediction for This Week

The S&P Rose despite the surprise Fed rate hike. On 2/22 I expect the the rally to continue. The S&P closed above its 50 DMA for the 1st time since Mid-Jan. I do beieve the market will test the 1120 level this week. However, If we open and gap lower, I think we can test the 1100 support level. Those are the levels to watch on the down and upside.
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