Watch 1490 On The S&P 500

November 6, 2007 at 9:01 am  ·  Category: Technical Analysis

I’ve now heard this three times in the last 24 hours, twice by technical analysts I respect and once on CNBC yesterday afternoon by I forget who.

1490 on the S&P seems to be some kind of line in the sand right now (Chart).

UPDATE (Wed 11/7, 7:15am PST): Make that four!

Posted by Greg Feirman  ·  Trackback URL  ·  Link