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Worden Discussion Forum » General Discussions » Stock and Market Talk » SP-500-Continue to watch the 80 DMA

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riverbirch
Posted : Sunday, May 28, 2006 11:22:31 AM
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Joined: 3/21/2006
Posts: 19
 I posted a note a few weeks ago saying the 80 DMA was the key support for this index. Now that the 80 DMA has been violated after supporting the SP-500 on 3 occasions, it becomes a resistance level. If the 80 DMV provides resistance, the SP-500 will see more weakness. Might want to keep your eye on this development.
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