The TradingEdge

[JefftDecker]

if you would have read the update,,,

here is what he said.......

It's normal for breakouts to retest important trend lines, so nothing truly bearish has happened here yet -- however, if bears can break below that red trend line and turn it into resistance (not a brief whipsaw, in other words), then they'll be well on their way toward making the black count a reality.

so yes it broke below the red line this morning
confirming his opinion SPX going down, Bears win! period.
http://www.pretzelcharts.com