Re: SPX - Whoa Nellie *PIC*

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In Response To: SPX - Whoa Nellie ()

Once again price on the daily SPX has crept to the edge of a cliff (trendline). If price remains here (1330-1335 or lower) today, the prospects are - well - a picture is worth a thousand words.

The weekly SPX chart, which shows negative divergence, will probably show a crossover down on your favourite momentum indicator too. Bull beware.

Pls excuse the previous cryptic reference to Butch and Sundance (Newman and Redford). Their "jump into the gorge" was flashing in my mind as I typed prev. post. It's on Youtube (what isn't?)if you'd like to see it.

As I type SPX is once again moving away from the edge (now at 1337) with 3 hours of trading left. Can it do a miracle recovery again?

Nice to see some old handles popping up on the board.

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Re: SPX - Whoa Nellie *PIC*

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