Wednesday, August 29, 2012

Flatness

The S&P 500 index crawled above 1400 on August 7. More than three weeks later it's sitting at 1410, and has yet to close above 1420 or below 1400. The April 2nd peak of 1419 (not April 19) looks increasingly like a solid resistance level each time the S&P fails to breach it.



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