Hewison: Has the S&P 500 Broken Final Support?
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November 3rd, 2009 by AdvisorAnalyst
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The S&P has been making very interesting moves and in this highly technical video Adam Hewison shows his thoughts on the S&P and its something you’ll want to see.
Title : Has the S&P broken final support?
Title : Has the S&P broken final support?
In Hewison’s last video on the S&P 500 (10/27),he indicated that this market may have topped out for the year. Today’s action puts in place a weekly “Trade Triangle” which indicates that a temporary or a permanent top is now in place for this market.
In this latest video, Hewison shares some of the ideas that may potentially come into play for this market. Not only are there some downside targets in mind, but also see a pattern that could evolve in the next several weeks which will confirm we’ve made a serious high in this market.
As usual, we’re impressed by Hewison’s trading know-how, and it always makes for food for thought.
Read more from the author/contributor here.
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Tags: Amp, Bruce Berkowitz, Consuelo Mack, Decade, Domestic Equity, Equity Fund, Five Star, Morningstar, Portfolio Manager, WealthtrackPosted in Markets |
