Dow & S&P 500 market analysis
Things are looking very down today. However before any big tank, the stock/index will always go back up to test resistance first. The first important resistance is the 800-805 region for S&P. The next one would be at 825. If we do not break above these 2 resistances within the next few days, we might be going down to 750 within this week.
Direction for 03/31/2009 Tuesday: Gap up and then down
Crude Oil (USO)
Crude and USO should be going down today. USO should be going down to 27.5 before turning up to making new highs at around 38 by the end of next month.Direction for 03/31/2009
Tuesday: Downside consolidation
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