S&P 500: Hanging on a Thread
August 30, 2010  Analysis from Chris Kimble 

Here's a weekly view of the S&P 500 from veteran technical analyst and frequent contributor Chris Kimble.

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On a weekly basis the S&P 500 is hanging on to a thread of support.

Sentiment often plays a funny role in investing, in that the majority is often wrong. Currently bullish sentiment has dropped to its lowest level since the March of 2009 lows.

Will this support line with so few of bulls on board hold right now? If not, the drop below this support is a long way down.


For the most up-to-date Kimble analysis, check out Chris's blog: Kimble Charting Solutions.