SPX: In an over extended move having a lower high/low has to be respected as potential trend reversal depite the absence of an impulsive sell off which usually is what occurs with a completed ED.
In addition price has finally breached the trend line support of the wedge in force since January 30 and price has closed below the 10 dsma.
TWT wrote:SPX: In an over extended move having a lower high/low has to be respected as potential trend reversal depite the absence of an impulsive sell off which usually is what occurs with a completed ED.