In this post we will see strength the resistance represented in down trendline and 50 simple mov. avr. In next few days must be a crucial days which will defined the winner.
DJI
SPX
COMPQ
Russel 2000
what is the significant thing is all indices are below 50 MA, that good sign of bearish mood in market. The shorting or buying a PUT option is a good deal these days .
11 Jul
There something interesting here, during falling a indices from top of April, the OBV confirmed that decline as shown in chart. so any penetrating the down trend in OBV will give a good signal that indices will change direction.
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