looking more closely at spx and asking 'why not higher' last...

  1. 9,803 Posts.
    looking more closely at spx and asking 'why not higher' last night reveals some additional resistance and a slightly different picture compared to other recoveries at support from declines. Mure exakerly wot I sawed was spx hit resistance at the high of the small consolidation band after the April breakout from the 'correction' range, and that both the top of bottom shadows of last nights spx candle reveal more selling than on previous bounces from support. The long and short of it is that not all spx traders suffer from exakerly syndrome.
 
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