Thursday, May 20, 2010

Where we're at

Interesting to say the least!  The markets are on some MAJOR lines here.

This is the SPX for the last 20 years.  See that yellow line intersecting the 2003 bottom?  We're below it now, major breakage.



This is the last two years, next stop after the major 20 yr trendline is the next yellow line as shown below.  1064 on the SPX is the level to watch.















This is the hourly view.


















Have fun out there!

1 comment:

  1. Great post Rati :) That a possbile M and A pattern playing out that could be playing out very bearish

    ReplyDelete