View: SPX624Daily.jpg


$SPX Daily Chart 

Pulling out to the daily view, we have basically been in about a 300 pt range for the past two year. We have once again failed near the top of the range, forming a nice negative MACD divergence, ATR turning higher, and room to room to the downside on the stochastic. It should be anticipated that a move to the bottom of the range is possible between 1825-1850.


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