Another slow day on the SPX, especially since today was the FED day and they upped Interest rates by a 1/4 point. At the close we were trading down by only $5.01 at the $2711.93 level. This small bullish trend we have been in since we bottomed at the $2694.59 level has been very corrective with lots of over-lapping wave structures.
All indicators remains on full sells, but we closed once again above the upper channel line, but below resistance of the 20 day MA.
No comments:
Post a Comment