Major US indices finished the day down around 1%, but after a big gap down and early weakness, the final result Monday can be considered a coup for the bulls. The S&P fell into but once again held the lower trendline of the rising channel, a signal that we may not be ready for a major breakdown yet. However, the more times we test that area, the greater the likelihood that it eventually does…

View the full post at http://blog.t3live.com