FX:SPX500 S&P 500 index of US listed shares
The Downswing aborted half-way and the strong upward trend of the markets continues. The Fed confirms that interest rates will not be raised at any time in the near future, so money continues to pour into shares. The tendency of the graph to level off at the top, as if the top of the parabola had been reached, has also aborted, signalling that the uptrend has no notion of slackening at the moment.
transports teling a different story many stocks down on VERY high volume.. including important indexes... watch the transports and iyt... everybody EXPECTS a smack of that upside line... we may test up... but week will end red and October will sober up the party. I will day trade the spikes... but beware.. big sell days coming