A gentle reminder of my Top-Down Analysis of SPX…
Below is an update of the Daily chart…my comments still stand…looking for a break and hold beneath 1350…target is 1250.
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More Bearish Charts (by Springheel Jack)
Well I said yesterday morning that the key to the day on SPX was the 1365.74 level, and the HOD was 1365.88. A marginally higher high but nothing worth writing home about. Declining resistance was pinocchioed but held on the SPX 15min chart, and unless that can be broken today in the 1360-1 area the bulls have nothing:
