User: HeadsUWin_TailsILose: SPX: spx_01252014.png
spx_01252014.png
SPX daily closed below 50EMA and sitting just at the bottom of a short term channel/trendline from Nov. Maybe a relief bounce towards 1813.55 of the prior lower high then back down to 100EMA at 1770? Obviously no idea, but in the past 12 months, the 100EMA was only reached hit 3 times (JUN/AUG/OCT) followed by extreme rallies. Around ~1810 looks like confluence of 50EMA, previous lower high, and bottom of a broken bull flag.
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