Friday, June 12, 2009

Another brick



Yesterday's breakout found no sponsorship and failed.

If we spend the day below the bottom trendline at 940, that would be a nice positive for bears.
It would bolster the case, along with employment figures, retail sales, energy prices, huge govt debt, rising rates, etc etc etc....

(In case it isn't obvious, the chart above is the SP 500 in 1 hr bars, from Jan to present.)

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