A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

A better view of the downtrend channel (SPX)

Here is a little bit clearly drawn view of the S & P 500 downtrend channel I mentioned yesterday that I will be trading for the near future. I won’t be bullish until the top trendline is taken out on a close.

Also, be aware that 1150 is a long term resistance level to watch. A test of 1150 to the upside and then another rollover is one likely scenario I’ll be watching for!

1 comment to A better view of the downtrend channel (SPX)

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>