Today / Tomorrow in the S&P-500

Wednesday 8-6-2008 A good close today but we need more!! Closing today between the 34 and the 50ema’s was good strength on yesterdays big candle. Finding a little resistance at the 50ema is normal.

Thursday 8-7 We need a close at least above the 34ema and I would not be surprised if we close below the 50 or 55 ema’s. We are expecting a little chop with a close over the 34ema being positive.

Good Trading and always Trade For Profit
See you all in the Trading Room
Rick