Killeens Financial Banner

Killeens Financial Banner

Sunday 20 July 2014

140719S&P 500: Uptrend may continue, but downswing is imminent

Click chart to enlarge.

This is a one-year chart of the SPX500 (Tradingview's name for the S&P 500). Even though the Uptrend may continue, it looks like a downswing is imminent, dropping the price from 1976 to at least 1940 over the coming week.

This is one option I will bear in mind for my Shares Punt when the market opens tomorrow.

No comments:

Post a Comment