Market Analysis For May 28, 2009
By John Pisanchik
The S&P Cash continues to churn around with no real progress one way or the other. The 9 and 20 moving averages are giving support to the market right now. The daily trading range for the last 6 trading days have been on either side of those 2 moving averages. Friday’s market should be more of the same, with short term traders squaring up in front of the weekend. Expect more of the same choppiness today, with paying attention to the 9 and 20 day moving averages. Happy trading.
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Filed under: Market Opinions
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