![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlbbGDa3TS0FJO-88qFL1kQJeM3qkA3rqJIEOp_ZID7-UZN7Z-OyiDLjyWiUV9Tiy98MfbBWo6kcOpUuSSjPDUcZcfLRgjhPSSw16Mefz7aeq1FAx7DwVEgSji22ugzBuOylMNEcm2vgk/s320/$SPX_trendline_14_08_08.gif)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgf9rLDhv5DWxMTZWO5NiExOp856Zr7GlzznIaiZD79UrNai1i-AJNtiBUx7M3dcffzug81b1xWGsLPVVVd4FGVEg_3sBK0lVU-DJFgsGgUZzNnyjUSgUclmGd1E3Aau9kllQd-0ERERxc/s320/$NDX_Trendline_14_08_08.gif)
$NDX is poking it's head above the strong blue resistance line..along with daily indicators showing a rather overbought condition...This doesn't look sustainable.
For the $SPX the 11th of August did indeed turn out to be a short term top, as the numbers seemed to indicate.
1 comment:
Mark
thanx
old john
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