spx500 pennant close up

FX:SPX500   S&P 500 Index
121 0 2
so we are reaching the end of this pennant , and today's action, oil             news jump (no this isn't the bottom for oil             yet) , and apple             the day after the announcements glow is over. We went lower into this pennant , and should break lower to the measured move levels, but you never know, and certainly do NOT know what catalyst will move it out of the consolidating pennant . I am still short this market.
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