starsora04

Watch the trend line

OANDA:SPX500USD   S&P 500 Index
125 views
5
The uptrend line from May 14 is being tested.
There is a chance of a deeper pull back once it is broken.
Take care.

Comments

I don't see any buying pressure from the institutions during today's drop. Basically, once the 3100 was broken this morning, it is all downhill.
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The trendline is broken decisively overnight. Looks like a correction more than anything.
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A break with heavy volume, hopefully the bears get their turn finally
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