SPDR S&P 500 (SPY): weekly spx chart from low of 1010 to 112...

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Re: BlackThought post# 109752

Tuesday, 08/24/2010 3:48:47 PM

Tuesday, August 24, 2010 3:48:47 PM

weekly spx chart from low of 1010 to 1127 is a rising wedge/bear flag...and it is now broken to the downside...the minimum measured move is 925. we will see that before sept options ex.

daily aaroon has a bearish cross on the daily today, adding to the bearish set for flash crash. any up will be gift to bears to reload.

currencies, bonds lead the way, so keep an eye on them...

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