SPX Looking for a Direction

The SPX closed today in the middle of the recent move down on the daily charts. It's sitting right at the 50% fib retracement line, it's sandwiched between the 200MA and 30MA and it's also between the uptrend and downtrend lines.

Keep your eye on the 200MA as another break below may send us lower for a while.

RUT 3 Month / Daily Chart