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 2,364.34 3.21 0.14%
DJIA 20,690.53 31.21 0.15%
NASDAQ 5,902.12 4.58 0.08%
DAX 12,256.43 53.43 0.44%
NIKKEI 225 19,063.22 -154.26 -0.80%
HANG SENG 24,301.09 -90.96 -0.37%
USD (per EUR) 1.07 -0.01 -0.61%
USD (per CHF) 1.00 0.00 0.32%
JPY (per USD) 111.45 0.30 0.27%
GBP (per USD) 1.25 0.00 0.28%

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