Charts Update

The SPX and Nasdaq just broke through a key downtrend line that a lot of bears have been focusing on. They might try to come in and defend it, but the bulls might also run stops here. Lower see how Biotech and FInancials did exactly that. The DOW not shown still hasn’t reached its downtrend line.

SPX

NDX

Biotech

Financials

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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