User: Matt: Trendlines: slopechart_$SPX.jpg
Fairly new to technical analysis but seems to be an interesting trendline from the recent ATH in $SPX, tagging a couple bounces on the way down. Could be a indicating a turnaround?
That and the 20-day SMA are what I'm watching.
I’m pretty comfortably short here. Even if this breaks or we keep going higher I don’t see the bad news fully priced in yet. But for now this has been holding up.