Sunday, 11 October 2015

S&P 500 daily chart testing trend channel resistance, far below 200 day sma

First up, daily chart including all sessions trade. All blue trend lines run parallel.



Next is a daily chart for the cash market. Well below the downward sloping 200 day simple moving average (sma). Volume has declined notably with Thursday and Friday's foray above the 2000 level.


None of the above is a bullish edge!

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