The 50 day simple moving average of 1315 has been broken 2 days in a row now.
Wednesday, April 13, 2011
Fail.
Yet another day in April where the entire move up was in the premarket and the regular session was either flat or negative. This bounce has been a complete failure at this moments as all 6 points gained in the premarket... and then some, have faded away. I continue to keep an eye on S&P 1307 as last support; the 50 day exponential moving average.
The 50 day simple moving average of 1315 has been broken 2 days in a row now.
The 50 day simple moving average of 1315 has been broken 2 days in a row now.
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