Standard & Poors 500 Index
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A good chance SPX will be up tomorrow: it’s a long weekend so why spoil the holiday, plus the chart says it’s enough short-term oversold for a mild bounce.
![may21_spx](http://www.phantasmix.com/wp-content/uploads/2009/05/may21_spx.thumbnail.png)
Note how during this rally SPX bounced from the 20-day EMA, every time.
![may21_spx2](http://www.phantasmix.com/wp-content/uploads/2009/05/may21_spx2.thumbnail.png)