However looking at a finer time resolution, things look really different. SPY in this chart looks like on the 16-Nov, things shifted into a narrow trading range between 111.25 and 109.25. Which is it, trendline or trading range?
Friday, December 11, 2009
S&P 500 -- trendline or trading range?
Eventually the trendline that the S&P 500 has been on will be broken, it is just a matter of when. On the chart below things look like business as usual on the trendline, albeit noisier than before... Click to enlarge charts:
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