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Andrew Carnegie



Sunday, January 27, 2013

S&P 500 threatens breakout

 Sydney, Jan.28, stock trade .- The S&P 500 is headed for a test of the 2000/2007 highs at 1550/1565. Expect resistance but troughs above the zero line on 13-week Twiggs Money Flow indicate long-term buying pressure. Breakout is likely and would signal an advance to 1750*. Breach of the rising trendline would test of support at the long-term trendline — around 1400.

S&P 500 Index
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