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

DJIA 20,810.32 34.72 0.17%
NASDAQ 5,835.51 -25.12 -0.43%
S&P 500 2,363.81 0.99 0.04%
DAX 11,756.96 -190.87 -1.60%
NIKKEI 225 19,283.54 -87.92 -0.45%
HANG SENG 23,965.70 -149.16 -0.62%
USD (per EUR) 1.06 0.00 0.25%
USD (per CHF) 1.00 0.00 -0.24%
JPY (per USD) 112.28 -0.40 -0.36%
GBP (per USD) 1.26 0.00 -0.01%

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