View: spx_08012014.png

spx_08012014.png

SPX daily broke down thru 50MA and lower BB. Bounced off the 89MA today and sitting at trendline from 10/2011. NYMO approaching lows from mid 2011 and SPXA50R hitting approaching lows from Feb 2014. So who knows if prices churn at this 89MA level like in the last week of Jan before a drop towards the 150MA sitting at ~1891 which would be a 5% drop from ATH, or simply get bought back up to again hit new ATH...

Comments

HeadsUWin_TailsILoseHeadsUWin_TailsILose
Also, the 150MA hasn't been breached since Nov 2013. 8/1/14
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