The Summation Index has just turned down and the VIX registered a touch of it's lower Bolinger Band a few days ago which is often a signal for a fall in stock indexes.
The attached daily chart shows what can be done with simple parallel lines at 90 degree angles. We have been waiting for the SP to get up to the green line. It so happens it is almost at a 54 td cycle (vertical red lines).
We are looking for this line to act as firm resistance. If it is broken it is a sign the bulls are taking charge.
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