Home > charting trendlines, Financial Ponzi, investing, stock chart breakdown, Stock Market, technical analysis > S&P flirting with breakdown from 200 day resistance (again)

S&P flirting with breakdown from 200 day resistance (again)

After four days of faintly flirting with breakout, the S&P is now flirting with breakdown.  Here is a 10 day chart and you can see that it had broken below intra-day support for the moment…

 

…but if you trace that line back 3 years, it has appeared at key turning points.

It may not be a bad spot to add to shorts.

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