Log in
Don't have an account?
Sign Up Here →
Forgot Password?

Can the S&P 500 Index Remain Above 1420 Next Week?

October 13, 2012

Watch the Key 1420 Support Level on the S&P 500 Index Next Week

View Larger Chart


Can the S&P 500 Index Remain Above 1420 Next Week?

This week, the major indexes closed their worst five-day period in four months. Stocks are now officially in correction mode after strong and consistent outflows by institutional investors. Next week, stock investors should pay close attention to the key support level of 1420 on the S&P 500 Index. If we close below this level next week, stocks could quicken their decline. However, if stocks hold above this key support level, it will indicate tremendous strength in the markets to continue moving higher. Be advised.

Notify of
Inline Feedbacks
View all comments

Please help us spread the word about on Facebook, Twitter,
and any other social media outlets.

Silver & Gold

Call 800-247-2812 now for the best prices on gold and silver coins and receive Free Shipping and Insurance when you mention Follow the Money.

Weekly Newsletter

Stay in the loop!
Sign up today to receive our
weekly e-newsletter.