Thoughts and Insights on the Markets, Economy & Crowd Psychology
Wednesday, June 18, 2008
SPX Trading Levels
The SPX lost 13.12 points today to close JUST under the upward trendline on the daily charts. However, a break is a break and unless something spectacular happens tomorrow the momentum is definitely with the bears.
If it falls, it looks like 1325 might be the area to expect a bounce. SPX Daily Chart:
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