Home > charting trendlines, investing, Stock Market, technical analysis > S&P Weekly Trendline Support Holds

S&P Weekly Trendline Support Holds

At some point, I expect the hot air will come out of this balloon… but not yet.  The S&P continues to hold above a rising trendline from the 2009 bottom on its weekly chart.  The trendline has been tested at least 3 times since the bottom, and remains as yet unbroken.

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: