Tuesday, August 11, 2009

Channel Break

SPX has broken its channel.(exited long at 30.99).  Here is the live chart: of the chart I posted yesterday and last night.  The next support is the 50EMA.  This area may provide a bounce.

Update 10:52: No bounce at 50EMA.  Added to SDS at 46.00.  Stop is 50EMA. Breadth is to the negative side now