ES Support and Resistance for November 12
Posted on November 12, 2012 at 08:05 AM EST
The S&P 500 Index (INDEXSP:.INX) was down for the week. The SPX was below both the 50 day moving average and the 200 day moving average. My indicator says to stay invested. If you are using ETFs as your method of investing you should stay close to 100% invested using both the S&P 500 ETF Trust (NYSEARCA:SPY) and the Powershares QQQ (NASDAQ:QQQ). (Remember there is also the alternative in the titans should you want to be in stocks. With those you should also be close to 100% invested.) Friday saw the E-mini S&P 500 Futures Contract (ES) open lower ...
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