Here are three views of today's action, based on the SPX:
Daily
Daily close-up
90 minute
It was the break of the trend line support that we were looking for and that break has occurred this morning. Expect a reflex rally to kiss the line from underneath, then total collapse.
Allan,
ReplyDeleteThanks so much for walking us through this....well, so far so good.
JBG
Are you sure you didn't have a heads up from a certain secret society :)
ReplyDelete