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Friday
Feb122010

SPX tests its new down trend

DateFriday, February 12, 2010 at 7:57AM

SPX 60 Min- For the second time SPX is rejected at its 89EMA and its new down trendline.(Not on this chart).  MACD is showing some negative divergence via SPX has made new highs and MACD has not.  Additionally both the MACD and Stoch look to be rolling over.

SPX Daily- Comments on chart.

AuthorPikertrader | CommentPost a Comment | | |
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