S&P Chart Breaking Support

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

NASDAQ 6,867.36 4.88 0.07%
S&P 500 2,597.08 -1.95 -0.07%
DJIA 23,526.18 -64.65 -0.27%
NIKKEI 225 22,550.85 27.70 0.12%
HANG SENG 29,844.34 136.40 0.46%
DAX 13,008.55 -6.49 -0.05%
USD (per EUR) 1.18 0.00 -0.01%
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JPY (per USD) 111.45 0.19 0.17%
GBP (per USD) 1.33 0.00 0.01%

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