Stock Market Analysis – 03-11-2009

March 11, 2009 at 9:21 pm · Filed Under Broader Market 

SPY Daily Chart

The choppy day closed out forming an indecision doji with some minor gains.  We’re back at the support/resistance line now, so we’ll have to see how much resistance it actually offers.  We were pretty oversold before though, so I wouldn’t be surprised to see the bulls make another push upwards. 

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