The Average Investor's Blog

A software developer view on the markets

S&P 500 unlikely to end September above its 10-month moving average

Posted by The Average Investor on Sep 30, 2011

To close above its 10-month EMA, the S&P 500 needs to close above $1,267.79 (for more details see this previous post), which is more than 9% above today’s close. The trigger point is even higher using the 10-month SMA. Thus, no buy signals base on this strategy unless there is monstrous positive news tomorrow. Not suggested by the futures either … 🙂

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One Response to “S&P 500 unlikely to end September above its 10-month moving average”

  1. Good informative post. It’s always good to learn more about the stock market.

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