Thursday, July 1, 2010

S&P Closes Below 1040, Will Stocks Whoosh Lower?

Stocks [.SPX 1030.71 -10.53 (-1.01%) ] ended the final day of the first half of 2010 in the red; with investors running for the exits late day, once again.

The S&P fell below the technically important 1040 level that it had held since February, generating what chartists call a "head and shoulders" pattern – a very bearish signal. Read more

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