Monday, July 13, 2009

Revisiting reversal candles and S&P downtrend

Last week i pointed the reversal candles on the VIX and S&P500 and presented a case for an S&P500 run towards the upper resistance of the down trend channel formed from the the june highs.

Below is the chart i posted at that time:

Below is the updated chart showing the progress thus far:


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