Home > charting trendlines, Financial Ponzi, investing, technical analysis > S&P challenging steep downtrend

S&P challenging steep downtrend

After breaking below its strong support at 1110, the S&P has now rallied back to challenge the steep falling trendline that started in late July, when the market came unhinged.

Emerging markets have also rallied back to within the vicinity of a steep falling trendline, as well as stonger, longer term resistance.

It’s worth noting that, despite the US Dollar’s fierce rally in the last month, gold remains within its 3 year rising channel.

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