Thursday, 17 March 2016

S&P 500 testing trend line parallel to line from 2007 & 2008 peaks

Weekly chart from mid 2007. S&P 500 is testing trend line resistance.

Weekly chart zoomed in to better show test. As previously shown there's a cash market gap in the 2040s. I'm looking to sell weakness ahead of a big leg lower unless this market can beat 2050.

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