Sunday, 24 May 2015
There are lots of trend lines and indicators I could show, but really the S&P 500's technical picture is very simple. While it stays above illustrated support, favour further upside. If below, favour sharp downside. Frankly I am expecting the latter, but I'll let the market prove or disprove that expectation. It's worth keeping an eye on the NASDAQ 100's current trend line test.