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.