S&P 500
The MACD increasingly bearish as the index starts eyeing up a couple of a series of diagonal trend lines that can be drawn all the way back to 2009’s low. Breaks of these are not necessarily critical technically but will serve as a warning to the complacent.
SHORT TERM TRADER: Square.
POSITION TAKER: Planning to go short but not sure what will confirm this trade.
| SUPPORT | RESISTANCE |
| 2335 | 2360 |
| 2320 | 2382 |
| 2300 | 2391 |
| 2285 | 2401 |
