themarketzone
Short

Potential Weekly False Break in S&P 500

FX:SPX500   S&P 500 index of US listed shares
Despite many attempts by Fed members to continue pushing stocks higher, $SPX             is now, 30 minutes before the close, below the Fast SMA line and almost back below daily downtrend line.
This is a bearish signal towards next week's earnings season...

Notice that the bearish Bat wasn't violated this week - Double top with X


Tomer, The MarketZone

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Tomer J,
The Market Zone - You trading Edge
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