Where are the stock markets going now : SP500 rally and short covering reached exactly the lower channel of the lower wedge line. The two hour chart indicates that the high probably has been seen and the down trend can come down already today around 12:00 .I believe that this is a good down trend to short.

24/04/2013

SP500 rally and short covering reached exactly the lower channel of the lower wedge line. The two hour chart indicates that the high probably has been seen and the down trend can come down already today around 12:00 .I believe that this is a good down trend to short.

SP500 day 02:32

SP500 2 hr 02.32

SP500 15 min 02:32

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