Friday, June 13, 2008

$indexes bounce off of support..will be halted by resistance Monday



The smaller curved (almost vertical) trendlines are generated by the previous swing ( in this case the March to June rally). These are providing resistance right now, and more on Monday. Of course, above that, is the thick downsloping Blue trendline representing the resistance caused by the entire October to March decline, which is even stronger...

No comments: