By www.thetrader.se
With markets having put on nice gains during the past weeks on hopium of the Euro mess getting solved, let’s review some important charts. SPX has retraced approx. 57% of the move down from the highs we put in this summer. We are slowly approaching the 200 day moving average, and major resistance levels.
Compared to 2008, the chart set up is looking similar. Back in 2008 we had the same collapse, and we retraced approx. 57% from the highs made back then. The long
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