SPX – If The Trend Resumes

In the previous blog post suggested that SP500 trendline had broken and possibly headed to 1270.  The chart below however shows something interesting.  If we assume that SP500 is going through a standard correction, and if and when the uptrend resumes, we could have another strong leg up in the rally

 

This entry was posted on Wednesday, March 9th, 2011 at 2:59 am and is filed under Financial Markets/History, Original Articles, Trading, market commentary. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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