[divider]
Related Articles
4.04.14 “Market Characteristics Have Changed $QQQ $SPY $XLF $IWM“
4.14.14 “Market Correction Warning Signals $SPY $IWM $QQQ $XLF [VIDEO]“
4.30.13 “Discrepancies & Topping Signals [VIDEO]“
[divider]
5.6.14 Tuesday
[divider]
($SPX Daily)
($SPY Daily)
($SPX Daily)
($SPX Daily)
Today’s sell-off pretty much nullified any strength we saw yesterday, and in that process, we have formed mini double top as you can see on this chart. If we close below $186.30ish (double top neckline), I do believe the selling will be intensified (just like we saw back in late January of this year) with next support at around $182ish.
If $182 level is broken, free fall to $174-$173.
~Hangman Style~
[divider]
Bonus Charts
[divider]
Bearish Divergence
($SPY 65mins Chart)
($SPY 65mins Chart)
