Stock Market SPX Makes Weekly Key Reversal
Stock Markets 2014Jan 14, 2014 – 09:48 AM GMT
SPX has made a weekly Key Reversal today, declining beneath last Monday’s low. There may be a probability of a bounce to retest its hourly mid-Cycle resistance at 1825.60, but so far it has not shown any inclination to do so.
This is the break that we have been looking for. If it chooses to continue its relentless decline, we may see the first bounce from its Cycle Bottom low at 1785.92…or possibly lower.
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