Tuesday, June 19, 2007

Tuesday Morning Dip on the SPX

The SPX opened lower this morning and broke our 15m uptrend line that we started on June 13th. We then fell down to the support area we talked about yesterday and rebounded off that support. Notice how it found support on the top of the June 14th Bar. We'll now have to see if it has enough strength to break though the downtrend line on the 15m which was started on June 15th. Likely to be a very choppy one today.

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