Market Talk / Apr. 26th - May 2nd.

[Spaf]

Market Talk
Monday
April 27, 2009​

General Commentary:

Last week was sort of flat with the S&P losing a mere 3.37 points. This week looks rougher with more economic data incoming. Will the S&P break through resistance at 875, or not?....:worried:

A look at the chart(s)
The S&P500 [$SPX] Dailey
Large Caps

Charts courtesy of www.StockCharts.com​

The trading channel is now a range between 875 and 825, there abouts.

The Bollinger bands are still holding a moderate to low volatility envelope.

The SAR remains in a bullish mode.

Volume has been good.

The STO is between over-bought and oversold levels; at 64.44.

The MACD is still bullish but is at the crossroads of bullish vs bearish.

Well, that's it for the weekend!​

Be careful out there!​