Monday, August 4, 2008

Aug 4 S&P 500 5 min chart


Quite a choppy day we had on the S&P 500, a few breakouts.
FOMC meeting tomorrow so could be a slow morning as the traders wait for no announcement.
Alot is going on in Europe, they are showing signs of inflation and their un official unemployment is running in to the 10's+.

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