Video: Bullish reversal action in the S&P 500 Index

Discussion in 'ETFs' started by MorpheusTrading, Oct 6, 2011.

  1. MorpheusTrading

    MorpheusTrading Morpheus Trading, LLC.

    This week, we correctly predicted in our Wagner Daily ETF newsletter that the benchmark S&P 500 Index would "undercut" its key support level at the 1,100 area, then form a reversal candle and snap back up a day or two later. On October 4, that's exactly what happened. But now where is the market headed? This video shares our objective technical analysis of the situation.

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