Wednesday
Oct142009
S&P-500 Set to Make New Minor Trend Highs, But...
Wednesday, October 14, 2009 at 09:33AM | Asher Pinto This posting features the hourly chart of the S&P-500.
As can be seen on the chart, there are a number of signs that favour the bulls over the short run, but as we'll explain in this piece, there are a couple of glaring reasons why there will be a drop to at least the 1040 level before too long.
tagged S&P-500 Chart, day trading, gap, hourly chart, intraday chart, stock gap
S&P-500 Chart, day trading, gap, hourly chart, intraday chart, stock gap 
Nasdaq-100 Opens Gap
The markets opened with big gains today, following a big news event over the weekend. The chart of the Nasdaq-100 shows a pretty big gap. It's somewhat rare for gaps of this size to be left unfilled for more than a few days (or at the most, weeks). Will this time be an exception? Or are traders who're looking to fade this gap going to win out in the end?
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