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jsaettele

SPX 61.8% Retrace

S&P 500 Index (SP:SPX)  
jsaettele  
SP:SPX   S&P 500 Index
Trend Analysis SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY)
5
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trendanalysis spx spy
The S&P just tagged the 61.8% retrace of the rally from the June low. Cash actually failed to reach the level but futures did reach. Anyway...good enough in my book. Given recent breadth readings (extreme 10 day NYSE A/D for example), I'm thinking that a low is in today. -Jamie Saettele
Director of Technical Research at Krilogy, author Sentiment in the Forex Market

Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/

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