Monday, June 22, 2009

SPX chart revisit

I putting up my 60 min spx chart again to see if it is playing out as expected. I believe we now have a change of character in the market now. Last week the weekly swing chart turned down now we have a new weekly low in place and suggest a more continued pullback. My 60 min chart shows the 3 r4 breakdowns and the final one breaking now. There is a much bigger Rule of 4 down at 882 on the SPX daily chart.
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