cmharkey

S&P500 Price Bounce off Trend Line 1994-6

FX:SPX500   S&P 500 Index
Bounce off trend line bottom and continue back upwards.
Next chart will show where it will stop on FIB extension 1.6181

Price will bounce upward within trend line bands until it his the fib extension (next diagram).
Then RSI and UO will catch up on the weekly and monthly to show clear top on overall trend.
Will then confirm new continuous downward trend for price.