KrunchieKilleen

S&P: Not a Black Monday after all, but slide continues

FX:SPX500   S&P 500 index of US listed shares
67 0 1
I thought that the Bulls would be panicked by Friday's late plunge. Instead, they fought bravely back, pushing prices up for a time before they fell back to Friday's closing level. The graph of the S&P 500             kept within the bounds of trend line D that I drew on this morning's chart, and the downward slide continues as strongly as ever. There will undoubtedly be a flood of defections from the Bull army in the face of the continuing downswing.
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