01.10.2008 22:42

JPMorgan: S&P 500 tech



S&P 500 Cash from JPMorgan's Mike Krauss - "Bullish momentum divergences still in place, and DSI saw 8% ulls. Could see more short term volatility, but both suggest a bottom should be close. Short-Term resists: 1180 (key). Medium-Term resists: 221, 1265 Sept 18 high, 1274 Sept 8 H, 1313 Aug 11 H. Sustained breaks below 1100 would change our bullish view."






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