FX:SPX500   S&P 500 index of US listed shares
S&P500             have been building a market top since the start of October 2014 in a rising wedge fashion.
Since last Thursday (4/6/2015), it looks like it is finally ready to roll off having closed below the support line for the first time.
It made a new high at 2137 in a relatively low volume but failed to push past further.


This time I simply do not expect it to bounce back strongly like October 2014 with the looming rate hike by the FED. Corrections of 10~20% is justifiable for a healthy growth in order to shake off some weak hands.
With Greece issue looming, bears surely have more reasons to sell.

Nasdaq daily:
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China equity bubble is almost catching up Japan, US, and Europe.. next few months will be pretty interesting.
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i known corrections coming but fed controle the market only the fed control wait and see the game of centrale bankers , everytime they try to keep the market high green every week on the stock little down to 0.30 and than bring back same old story controled normale a good market go up and down not in way up big question to ask , normal when fed rate hike you have corrections 3 to 6 month before maybe corrections in september or december or postpone to next year ,,
+1 Reply
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