Monday, July 6, 2009

$SPX Outlook

For those that follow me on ITZ STOCK CHARTZ also follow me on my ITZMYMONEY blog as well as on TWITTER. I've posted since June 10th that the $SPX was setting up a similar basing pattern to that of '02/'03. Well Tony Dwyer of FTN Equity Capital Markets, on CNBC this afternoon, added support to the observations I made nearly 1 month ago.

Breaking down the day's market action at the close, with Tony Dwyer, FTN Equity Capital Markets; Bruce McCain, Key Private Bank; and CNBC's Maria Bartiromo.

*Click on video to play & click on chart to enlarge image


















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