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Re: Trades SPX/bill ward *PIC*
In Response To: Trades SP ()

SPX is a sick puppy and at a weak double top and rolling over. No volume on the 2nd rally and weak momentum to boot with a strong bearish negative divergence on the RSI 21. And look at the Modified MACD with that weak bearish frown on this rally back. Significant support is the 1225 breakout point. Most sectors are breaking down below support levels and from double tops. And the Copper stocks that are the canary in the coal mine topped out in January and after a selloff and weak dead cat bounce have rolled over again along with Copper failing to clear 450 resistance which was its breakdown pt some time ago. Nothing good to look at going forward. Only a breakout above this double top with strong volume would turn this chart bullish. The b.s. "V" bottom rally with no volume from mid March was exactly that. B.S.only goes so far and it looks like that's about as far as that will take this rally.

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Re: Trades SPX/bill ward *PIC*