Replies to post #5816 on CHARTS_CCI_SYSTEM

[TREND1]

FOOT
Any comments on this chart ?
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S&P 500 Breaks Bullish Support Line On P&F Chart

June 25, 2013 at 11:44 AM | written by Arthur Hill


With a move below 1570, the S&P 500 broke the blue Bullish Support Line and a new Bearish Resistance Line has been drawn (red).
Looking at price action, there is a lot of support in the 1535-1540 area and this is the next target. Notice the three O-Columns that mark lows here in March and April.
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[TREND1]

SPX_W
Foot here is my take on the SPX_W
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[euterpe1]

$VIX headfake. 2 hours SPX overbought yesterday and heading south.

This has been common lately. Big rally into the week and if Thursday is up then Friday tends to be down.