S&P Must Hit Oct. High to Stay Up: Charts

Coming down from an October high of 1,101 points, the S&P 500 currently rests at about 1,095. “The question is are we building some kind of shoulder-head-shoulder?” Chris Zwermann from Zwermann Financial told CNBC Wednesday. If the S&P cannot “take out this high to unfold to the upside… we have the risk of about 10% to go down to 1,030, where we have the neckline,” he said.

CNBC | November 11, 2009

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