Re: 03/05/2012 Intraday Watering
Posted: Mon Mar 05, 2012 5:36 pm
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.
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.
