Monday, December 01, 2008

Market Talk

Trading range now is 90 resistance and 75 support on the SPY. Previous support was 82, which again, was hit today. Market above 82 and bulls have a chance. Below 82 and bears become more confident. Through 75 and it's going to be a very depressing Christmas for investors.
This might be the trading range for the next little while so saddle up and stay smart.