D Hawkins

20
Feb

Update – S&P 500 Short Term: Downtrend Probably Ended.

Posted by D Hawkins

This is an update of my Feb. 13th post, q.v.

What a difference a week makes!  A strong rally has most likely ended the downtrend that was in effect, since price has broken (just barely) the R1 curve governing it.  The break was only intra-day, and price didn’t close above the R1 curve, so I can’t say for sure that this is over, but it probably is.  So, for now, all we can say is that it’s in a trading range.

^GSPCdailyShow

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