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5.6.14 Tuesday
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($SPX Daily)
($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-$173.
~Hangman Style~
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Bonus Charts
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Bearish Divergence
($SPY 65mins Chart)
($SPY 65mins Chart)