bonddude30

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SPX500: Breakdown of 2-year Trendline Support in S&P 500
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SPX500, D Short
Breakdown of 2-year Trendline Support in S&P 500

After exploding from the early 2014 low around 1740, the S&P 500 has been stuck on the 1800-handle for several weeks. Is it consolidating or topping? I believe that we had an ideal opportunity to break out from this range early last week. While the 50-day SMA has been providing good support on a closing basis since late April, the shorts may be tiring of holding ...

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