Wednesday, January 21, 2015

Chartology, Equities Edition: Stocks Turned Back at (declining) Resistance Line

A break above 2035 would be very bullish.
2031.61 last, up 9.06.

From Permabear Doomster:
Daily chart-
http://2.bp.blogspot.com/-Wvlv7qotbeo/VL_1RzHkfGI/AAAAAAABIpc/kScjzihUarc/s1600/spdaily5%2Bintra3%2Bjan21.png
 60 minute chart-
http://4.bp.blogspot.com/-0XS-eD5tDV0/VL_1BRxGgBI/AAAAAAABIpU/pxSgc8rssmw/s1600/sp60min%2Bintra1%2Bjan21.png