Intermediate trend is down for the S&P 500 Index
The reversal of roles is an important concept in technical analysis: support levels that are breached become resistance in a new uptrend. That is the case for the 1410 to 1425 resistance zone.
Relevant articles picked from the Web:
- The 12 cheapest stocks in America — FP — December 7, 2012
- Here’s what Wall Street says the stock market will do in 2013 — FP — December 4, 2012
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