More details and charts to follow, maybe.
For now: The SPX has a down-channel (60 minute)... however there is a mini upchannel within it (on the right side of the chart) that has the look of unfinished business on the upside. Further, I believe that this downchannel will BREAK HIGHER outside of the channel, according to my charts. The Daily charts also suggest the same.
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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