23 Nov 2009

S&P 500 2003 Year-end Replay

In 2003 we had a year end rally that began on November 20 after a minor correction. Will the low on Friday on November 20 also mark the beginning of a year end rally ?



The S&P future charts looks set to break-out above 1110 which is very close.




On the other hand the EuroStoxx charts looks a liltle bit more like a top formation and have also underperformed S&P lately.



The same can be said about Russel 2000.


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