Market-Technicals

Financial Market Analysis

By Shawn R. Carpenter

Saturday, January 10, 2009
  SPX Update

Where do we go? Are we at a classical juncture called a "bull trap" (where people think the market is so oversold that buying anything seems like a sure thing, only to get caught holding the bag with huge downside in sight)? Or maybe we will rally, given the bullish divergence on the RSI, yet we will still be capped by a the large down move in 2008, around 1042 level.
Time will only tell...
  12:05:00 PM
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Why Market-Technicals?

Market-Technicals is a Financial Market Trend and Research blog. Mainly utilizing technical analysis, the research composed is designed to capture market timing techniques, understanding how economic and political forces shape the market, and give speculation as to where the financial market is headed. Encompasing equities, index, sector, ETFs, commodities, and bonds; the expectations are to shed some light as to what "smart money" is thinking.
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