User: TnRevolution: My Charts: content.screencast.com/use...SPX121214.jpg
$SPX Hourly Chart
Updated short term and intermediate term reversal levels. $SPX continues to show the weakest performance of the major indices. After this week's selling it is on a ST sell, IT sell, LT sell. The selling will continue until it stops. ;)
The SPX broke under it's Sept high this week, whereas the DJI and QQQs did not. If a short term buy reversal happens this week, it would be a great spot to cover shorts before seasonality turns overwhelming bullish into the end of the year. Until then, short away.
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- By: TnRevolution
- On: 12/13/14 7:47AM
- Viewed by 24 SocialTraders
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