Tuesday, November 22, 2016

SPX chart over the last 2 years

I'm not encouraging anybody to make a trade based on this chart.  I don't know that this is bearish at all, but, I have personally been looking for a bounce down, so this might be a good candidate for a price. 

I'm using the weekly just so I can fit it in better, since it goes back a long ways.

The most important thing is, you could have drawn a lot of lines since 2009 only to have them get broken.  

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