Thursday, August 15, 2013

SPX 60 and 30 min comments

$SPX - Chart Link - well gap and go - as you see the SPX gapped below the confluence of trendline supports; the market has a tendency to just gap over an inflection point.  Clearly no one here should be too surprised as Steve and I have been advising caution for the market since last week and especially this week

$SPX - Chart Link - 60 min view with Fibs

$SPX - Chart Link - 30 min view

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