Adam Hewison published his latest video analysis on the S&P 500. This is a great video that I would like to share with you. S&P 500 has gone up over 37% since March. Will the trend continue or is it about to reverse? What are your thoughts on the S&P? In this 7 minute video, Adam analyzes S&P 500 using fibonacci retracement and MACD indicators to find key support levels. The next key support level is around 880. If S&P breaks that level, a head and shoulder pattern will be formed and that implies that the stock market will turn bearish again. Adam also talks about monthly and weekly trends of the S&P.

click here to watch this video for free

This entry was posted on Wednesday, July 1st, 2009 at 7:24 pm and is filed under Daily Stock Picks. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.