The weekly S&P 500 can show some changes in trend as the crosses in the 13/34 EMA shows on this chart. Only time will tell if this is a big whipsaw. The cross does a pretty good job of indicating major changes in trend.
Another politician got next to a microphone today, greasing the skids on this train, causing the market to further fall during the mid-day. Even Eric B and Rakim knew “The stage is a cage, the mic is a third rail.” Eric B & Rakim – Follow The Leader
