Check Out the BullishBankers.com Forums!
Browse > Home / Technical Analysis / The Moment of Truth: Can the Bulls Pull Through?

The Moment of Truth: Can the Bulls Pull Through?

Posted on: April 12, 2009 - Email Article - Printable Version

Justin DiPietro

Justin DiPietro

About the Author:

Taking a look at the S&P, you can see that we are gaining ground on a rather strong looking uptrend. We have had two significantly health pullbacks since the March bottom. We are now approaching the moment of truth resistance at around 877. If we are able to break through this resistance, we will not encounter new resistance until the 950 level and then 1000. This could be the recovery that Wall Street so desperately needs. However, if this resistance holds we are looking at possibly returning to the March lows.

truth-Justin DiPietro

Disclaimer: The author holds far out of the money puts on SPX.

Share or Bookmark This Post:
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Reddit
  • Technorati
  • StumbleUpon
  • TwitThis
More on this topic (What's this?)
33 Dividend Champions to Consider (Dividend Growth Investor, 8/11/10)
S&P 500 Signals Danger! (Red Hot Energy and Gold - Global..., 8/16/10)
Smart Money Highly Bullish on Rebound (COTs Timer, 7/12/10)
Read more on S&P 500 (SPX), Bull market at Wikinvest

The Following Stocks Were Mentioned In This Article: SPY

Written by Justin DiPietro · Filed Under Technical Analysis 

Comments

Comments »

No comments yet.

Name (required)
E-mail (required - never shown publicly)
URI
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your comment.
CommentLuv Enabled

Trackback responses to this post