A bad day in the markets today, with the SPX at one point hitting $2694.59 before bouncing higher heading into the close. Over-all the SPX closed down by $39.09 at the $2712.92 level and below our lower trendline. The trend does remain bullish though, but not looking good.
On the daily chart we closed below the 20 day MA and right on top of the longer-term channel. All indicators remain on full sells and the Bollinger bands are trying to widen out now!
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