User: Nf6: Short Term Trend: $SPX


SPX daily with 3 and 10 EMAs (5/24/13)  

The MAs have not crossed over. I'm looking for another dip which should be bought. 

For the bear case to be proven, we need:  
1) a close below 1623,  
2) a subsequent retest and failure of the 1687 high, and 
3) another close below the most recent low (made in step 1).


Why is 1623 your support level? Seems arbitrary. 5/24/13