Saturday, October 11, 2014

S&P 500 futures...another look

Recently, everyone has been breaking out their crayons to make trendlines.

But every trendline I've seen ignores, as an anomaly, the October 2011 and November 2012 moves.

The chart above shows a trend line drawn that includes those points....since we just broke below the 200 dma @ 1900 and things could get ugly.

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