Technical Update on the S&P 500
March 17, 2011  Analysis from Chris Kimble 

Chris Kimble gives us a technical look at support in on a weekly chart of the S&P 500. Today's bounce (so far) is encouraging.

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Chris comments: Even though several short-term support lines have broken in the declines of late, longer-term weekly support has yet to break in the attached 500 weekly chart.

For any really big move to take place on the downside, this line has to go.


For the most up-to-date Kimble analysis, check out Chris's blog: Kimble Charting Solutions.