D Hawkins

31
May

S&P 500 Intermediate Term – Clearly In A Downtrend

Posted by D Hawkins

This is the update of my May 23rd post of the weekly bars chart.

Last week I said that the perforation of the S2 curve was minor enough to say that support was still holding.  However, this past week’s action clearly is a breakdown of that support.  So, price is breaking supports while holding resistance, which is the Midas definition of a downtrend.

^GSPCwkly

Post to Twitter Tweet This Post

Print
Category : David Hawkins

if(function_exists("MyAvatars")) MyAvatars();
.
.
.
Blog Roll

current links

. .
..
.
.
14 visitors online now
5 guests, 9 bots, 0 members
Max visitors today: 18 at 06:59 am UTC
This month: 44 at 02-01-2012 05:07 pm UTC
This year: 44 at 02-01-2012 05:07 pm UTC
All time: 236 at 04-07-2011 02:41 pm UTC