Stock Market Analysis – 11-21-2008

November 23, 2008 at 5:05 pm · Filed Under Broader Market 

SPY Weekly Chart

Friday closed out the week in typical fashion with a last hour 3% move.  The week still closed below support with pretty strong volume though.  We’re around the 10 year level of support right now, so we’ll see if it holds at all or if we’ll be seeing prices not seen since the 1990s. 

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