More bad news for the banks seemed to be the catalyst for another sell-off of the SPX.
Still in the upward channel, but getting precarious. I wouldn't be surprised to see the upward trendline challanged intraday tomorrow. The real test will be to see where it closes.
SPX Daily Chart:
Monday, August 18, 2008
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1 comment:
Perhaps a new lower low?
http://clip2net.com/clip/m9559/1219124543-clip-59kb.png
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