Technical Weakness ... Is this it ?

in #money8 years ago

S&P.png

We know Fundamentals are weak and now the Technicals are beginning to show weakness. Highlighted previously the divergence in the dow ... below we see divergence in S&P 500. After yesterday's price action, it's showing a reversal pattern. By Friday if it breaks under 2418 we could expect a steep correction on the way next week unless the elites try and talk up the market and step in and push it up. Otherwise, yesterday's high should hold and the start of the steep correction begins.

Sort:  

Congratulations @afranco! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!