ten year chart on $SPX-these charts are talking to me.
Im pretty much short term optimistic here BUT lets face it, its ugly out there.
With unemployment at 10%, what money is gonna drive this market if no one is working?
Keeping the faith....but if the STRONGEST EQUITY INDICATOR, the mother of all mothers....S&P 500($SPX) doesnt break through that trend line.......WE ARE FUCKED! NO DOUBT! It would be time to go cash, short'em all and buy the unstoppable GOLD (GLD for you ETFers).
The SPX is under pressure here, earnings will dictate the movement in the next weeks.
proceed with caution.......
Good Morning Bee and happy trading. I see that u got tired of mad men and became mad bee.....Great research but what has me confused is the mark u are claiming? It will be a slow recovery but passing the 1100 mark is possible and what I have learned by my great guru is that it may bounce off but will climb even stronger after such........
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