S&P500: Might be showing an S&H

FX:SPX500   S&P 500 Index
282 5 10
Comments on the chart.
Comment: Early signs are good. Price is just under the 'neckline'
Comment: Price is below the neckline. However the break was not in style i.e I like to see a strong red candle which was absent here. I have to be cautious but the idea is still on
Market is toying with the neckline...
my support line is much like your chart below.
Olu Rob Wallace Williams
early signs are good...
I agree with your observations. At the moment we are fighting with a support line that I expect to fail. The line is anchored to last fall and has some meaning.
Good chart, very similar to the one I have done :) Lets see how Japan opens in a few hours! Hopefully it is an exciting week!
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