Simple chart warns again of SPX decline to 1244/ 1232/ 1228

The simple chart below is warning of a SPX decline pullback correction

Notice how far that price is away from the 20 period weekly moving average.  A correction down to move to 1244/ 1232/ 1228 is the target.

Double click the chart to see it full size.

This is similar to the chart posted at

http://christopherstockguy.blogspot.com/2011/02/weekly-spx-is-warning-of-declines.html



 * 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".