Last Wednesday (May 11th) we presented you with this article: The line in the sand… It was there we laid out what we would need to see in the market to determine a trend change. We had established that we were in an up trending market and needed a break below 1329 to indicate a market rollover. As of late, the market has been trapped in a sideways motion as it tried to find a direction. Since we didn’t see an edge we have kept trading to a minimum and waited for the market to tell us what to do. Well today we saw a break below 1329 on the S&P 500.
Uncategorized
