Have a look at the hourly chart on the S&P it was pretty much a bearfest day from start to finish!!
With the TRIN over 2, and tick heading to the oversold area, I do think that ( Level For VIP MEMBERS ONLY ) level is coming very soon. But patience is required.
On the daily chart the S&P is still within the upwards channel, but after today we zoomed back down and stopped right at the bottom of the rising channel. So now we are at a make or break level. The next few days will be interesting!!!!
WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED? CLICK HERE To Join Our VIP ELITE GROUP -- 30 Day Trial Offer Today!