Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Friday, September 27, 2013

Slow Decline Continues

Stock Market Technical Analysis Blog

click on image to enlarge

In the market today we had the pivot break to the downside although beit a slow motion move as seen in chart 1 above where we see the orange line is now below the green line, but with a mostly neutral candle for the day.  In charts 2 and 4 the S&P lost its last line of support, the orange diagonal line.  A lot going on next week, maybe if the decline continues they can keep it going down slow.

Trade well my friends


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