Saturday, March 26, 2011

The cash S&P 500 was able to close above its 50-day moving average, while the futures has closed above its 10-day moving average for 5 days straight. The market is back in bullish mode.

The intraday market broke to the bullish side at 1030 ET, but started to lose some bullish momentum around 1230 ET. However, it was still able to close above the previous day's close and Friday's open.

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