Registered: Sep 2011
Posts: 388

Looks like the break above 1270 to 1290 was just a bull trap. This also completed the top resistance line of a rising megaphone that I was describing when I started the thread. This would suggest a low of 1050-1060 on SPX is ahead.

megaphone.png
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Registered: Sep 2011
Posts: 388

Like I was saying,....broadening formations are usually VERY bearish and result in sharp moves down.

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