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RileyCapital

Frazier is not done yet

Long
S&P 500 Index (SP:SPX)  
RileyCapital Updated   
SP:SPX   S&P 500 Index
Trend Analysis Support and Resistance Trend Lines
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trendanalysis supportandresistance trendline
Last chart shows trendlines and SPX is following them like a champ. However, I don't see this continuing right? Nothing on the economic calendar shows continued downside. Should bounce at support and move up slowly UNLESS the jobless claims explode out and take us back down. If that happens, then down we go.

Comment:
SPX is continuing to follow the trend line down and today it should open near the 3933 support (blue line). Does it bounce off that line or does it fall thru...
Comment:
If it breaks 3933, we will see 3900 as a new resistance (see what I did there)
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