Monday, December 28, 2009

12/28 - SPX AM Update

[9:10 AM UPDATE] I forgot to include the long term bear trendline on the chart. It looks like we are there now and the daily candle is looking to setup a shooting star. Looks a little toppy here....

Remember this chart? Here's my previous post. Just something to keep an eye on.

I made a few slight changes so you can see where price is at relative to all the trendlines. By the looks of it we are close to some type of top.

I probably won't be back until the new year so good luck to all and Happy New Year!!!


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