S&P 500 Index: graphic analysis by starman45

Good rebound from 1325, confirming the uptrend.

Daily chart (courtesy of FreeStockCharts.com)

... and the index makes new high


Daily chart (courtesy of FreeStockCharts.com)

The trend is very distress

I wonder if the minipulation might end for a while...we might get a retrace around this 1340 - 50 area if this fed induced rally is over

Even the last day of the week, the index makes a new high.
The trend is trend....


Daily chart (courtesy of FreeStockCharts.com)

http://lcchong.files.wordpress.com/2...ng?w=877&h=395

Looks like this thread is no longer alive, maybe some people are still interested.

We are much further since this last picture posted above..

Sold off at the break of support 1178,my target was 1120, a nice test yesterday but failed, so i don't think it's forming a double bottom now, but i do think my next support 1103- will hold, but for that i need double confirmation coz it's called out of the trend. Will see next week.

S