Chartology: S&P 500 Technical Update – Watch That Uptrend

Stock ChartsNo need to over-complicate things here. Time and price have returned the S&P 500 to the critical 1330-1340 June breakout/gap area and current uptrend support.

After briefly sniffing the uptrend line, the index rallied in the last hour of trading today to allow for some breathing room. The next two to three days are critical. A close below 1330 (with follow through) would put the ball back in the bears court. Earnings anyone?

s&p 500 corporations, s&p 500 price quote, s&p 500 chart

S&P 500 stock market chart with technical analysis overlay as of July 11, 2012.  Price support and resistance levels and stock market analysis. S&P 500

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Twitter:  @andrewnyquist and @seeitmarket     Facebook:  See It Market

No position in any of the securities mentioned at the time of publication.

Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of his employer or any other person or entity.

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