SPX Update, December 22nd
Standard & Poor’s 500 Index, ^SPX
Click charts to enlarge
Broke the triangle to the downside. Positives still “on the table” – flattening 50dma, low volume on a down day (must be attributed to the holiday season, therefore is not a clear indicator).
And as a follow up to yesterday’s post on pivot points, here’s a picture of what actually happened. We didn’t get anywhere close to the resistance levels, support levels were helpful, but only briefly.