Best Financial Markets Analysis Article The week is beginning with some major changes in equities, treasury bonds and commodity prices. Starting on Monday, the S&P 500 started a big move to the upside. In our last stock market update, we showed a chart of the E-Mini S&P 500 future with the comment that above 884.63, the short term chart would be bullish again:

The following updated chart shows how the E-Mini S&P shot higher after having cleared this level, the green line, for 2 consecutive price bars:

Because of the big move upwards the bigger term 480min chart has also turned bullish:

As a conclusion, the S&P 500 is in a new uptrend, with bulls in control. The line of least resistance is pointing to more upside in prices.

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By Frederic Simons

http://www.crossroadsfx.hostoi.com

© 2009 Copyright Frederic Simons - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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