Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Friday, December 25, 2015

S&P 500 Still In 7-Month Downtrend

The S&P continues to maintain a slow downtrend as shown in the upper 2-year daily bars chart below.  

The long term picture of the S&P shows that the slow downtrend can continue for a few months before it reaches the make or break test of the 7-year uphill blue channel shown in the lower weekly bars chart.  

Trade well my friends


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