Incogniteaux

Another look at our old friend

FX:SPX500   S&P 500 index of US listed shares
77 2 2
This trendline , the dotted red one, goes back to the very beginning of '09. It's starting to develop as a very reliable support with five confirmation points this year alone. Depending on how trading shapes up, this is the line to look at as a signal to sell and short. If price action crosses this line significantly we're looking at a very serious situation.
Welp, there goes that.

snapshot
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snapshot


This is the same trendline pulled back. It wasn't so strong before but is proving to be a very reliable line of support this year.
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