Traders Corner   Leave a comment

You can read yesterday’s “Traders Corner”, as the technicals haven’t changed much. While some technicals have moved a little closer to overbought, they aren’t there yet. The technicals which were overbought remain that way.

The S&P 500 levels to watch today:

UPSIDE: 1829 (December 23rd’s high and the all-time high).
LAST CLOSE: 1827.
DOWNSIDE: 1826 (top of the Bollinger Bands), 1822-1823 (2 data points), 1810-1813 (5 data points and November’s high), 1808 (December 10th’s high), 1806 (2 data points), 1792-1803 (8 data points and the 20 day moving average), 1786-1788 (3 data points), 1779-1783 (5 data points), 1777 (2 data points), 1776 (50 day moving average), 1775 (October’s high), 1772 (2 data points), 1770 (bottom of the Bollinger Bands), and 1767 (December 18th’s low).

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Posted December 24, 2013 by edmcgon in Daytrading, Investing, Market Analysis, Technical Analysis

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