S&P Chart Breaking Support

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As far as how this support matters, it depends upon your timeline. The 50-day moving average for the SPY is not seen until $143.23.

The Erlanger Value Lines can be accessed via

OCTOBER 19, 2012

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Markets

S&P 500 2,267.92 0.03 0.00%
DJIA 19,778.16 -48.61 -0.25%
NASDAQ 5,542.85 4.12 0.07%
DAX 11,599.39 59.39 0.51%
HANG SENG 23,098.26 257.29 1.13%
NIKKEI 225 18,894.37 80.84 0.43%
USD (per EUR) 1.07 0.00 -0.09%
USD (per CHF) 1.00 0.00 0.01%
JPY (per USD) 113.35 0.47 0.42%
GBP (per USD) 1.23 -0.01 -0.57%

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