Thursday, November 19, 2009

11/19 - SPX Update

This is one way (bearish) I'm counting this.

The alternative I like is posted by binve.

We will see how today plays out. Keep an eye on those trendlines that I drew in a previous post. 1070 and 1040 will be areas to watch as well.

1 comment:

  1. Very interesting, thanks for the analysis.

    I too feel we're heading down. Not sure of the labels yet, but it feels that way.

    A commenter on another blog said that JPM, GS and others dumped into the close, which explains that big red volume bar you may have seen.

    Good luck tomorrow.