an tSionna {09.09.11}

S&P 500 technicals are trending in a new upward biased channel as noted by the fellows over at BeSpoke Investment Group.  Here's what they have to say:  "The S&P 500 is currently up a little more than 7.5% since hitting its 2011 intraday low on August 9th. While the market continues to be volatile, the S&P has formed a new short-term uptrend channel since that low point was reached. The top of that uptrend channel is right at the index's 50-day moving average, so that will be a key resistance level to watch if the market manages to get there in the coming days/weeks."

*Link:  Bespoke: S&P 500 Trending.

*Long ETFs related to the S&P 500 in client and personal accounts.