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

DJIA 21,080.28 -2.67 -0.01%
NASDAQ 6,210.19 4.94 0.08%
S&P 500 2,415.82 0.75 0.03%
NIKKEI 225 19,682.57 -4.27 -0.02%
HANG SENG 25,701.63 62.36 0.24%
DAX 12,603.54 1.36 0.01%
USD (per EUR) 1.12 0.00 0.11%
USD (per CHF) 0.97 0.00 -0.17%
JPY (per USD) 111.33 0.07 0.07%
GBP (per USD) 1.28 0.00 0.24%

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