Has the S&P broken final support?
Posted on November 3rd, 2009 by MoverMike
In our last video on the S&P 500 (10/27), we indicated that this market may have topped out for the year. Today’s action puts in place a weekly “Trade Triangle” which indicates that a temporary or a permanent top is now in place for this market.
In this latest video, Adam Hewison shares with you some of the ideas that he thinks could potentially come into play for this market. Not only does he have some downside targets in mind, but he also sees a pattern that could evolve in the next several weeks which will confirm that we’ve made a serious high in this market.
All the best,
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