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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Sunday, 30 June 2013

S&P

this is a close up of the SPX weekly chart I posted on Friday.We closed below the 1612.5 resistance level and had a LL and LH on the week,so the weekly downtrend is intact





here is the full chart


here is the daily chart.I would be on the watch for a spike higher to fill the gap then reverse,especially as we might see a holiday "pop".The blue angle is important resistance



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