S&P Chart Looking and Hoping for Support

When we noted the 50-day moving average it seemed a bit far off under the price at the time. After Friday's selling it is upon us. The SPY has a current 50-day moving average of $143.08 today and the low back on October 10 was $143.09. Watch these levels closely.

The Erlanger Value Lines can be accessed via

OCTOBER 22, 2012

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  • DJI26135.79249.780.96%
    NASDAQ8002.81106.821.35%
  • NIKKEI 22520677.22114.060.55%
    Hang Seng26236.37-55.47-0.21%
    DAX11726.8211.450.10%
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    JPY (PER USD)106.43-0.1700-0.16%
    GBP (PER USD)1.21-0.0033-0.27%