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How significant is it that $SPX has fallen below the linear trendline since March and also the one from July? Is not that fairly serious ?
I would consider the break of the SPX trendline as very significant - especially on a closing basis that is not quickly recovered.
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How significant is it that
S&P 500 30 min chart
Posted by poohnana on 21st of Jan 2010 at 12:40 pm
How significant is it that $SPX has fallen below the linear trendline since March and also the one from July? Is not that fairly serious ?
I would consider the break
Posted by steve on 21st of Jan 2010 at 01:00 pm
I would consider the break of the SPX trendline as very significant - especially on a closing basis that is not quickly recovered.