Wednesday, May 22, 2013

Stock Indices Hit Important Resistance

Posted below is a series of charts that show perfect hits and reversals at important trendline/channel resistance. Per the previous post, I would expect a retest of highs or lower top on or near 6/7/13 before the expected larger down move gets underway.

Sentiment-wise, here's a post I found on someone's blog last week:

"what are the chances of this market going down??? how about Z-E-R-O???"

Kim Rice 5/22/13

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