5 Year S&P 500 Chart
I charted the S&P 500 ($SPX) after the markets closed on Friday, March 12, 2010, when the SPX closed at 1,149.99 for the week.
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Comment by Client
Do you think that Dow and Nasdaq will repeat SPX’s scenario?
Comment by Alex Fotopoulos
The Dow has already moved above its 100 day moving average intramonth three times over the past four months. It doesn’t seem to be as solid of a patern for it, but it hasn’t closed above it since 2008. The Dow is on pace to change that this month which could make it very bullish.
The NASDAQ Composite broke above all three of these trend lines a while ago.