30/05/2013
SP500 day since November. See the top that was out of this long channel. That use to be the sign that the top has been seen. Now the 8 day MA is falling fast at least until next Tuesday. The target medium term after a cross on downside will likely be the channel bottom for test. Meanwhile the daily bars could move between the falling 8 ma and the rising 21 MA as it is doing today
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