SPX fails to break through resistance.
January 18th, 2007
Dear valued subscribers,
For the past few trading sessions, the SPX attempted to rally but was stopped by the lower trendline, which stretches all the way back to August 2006 (See chart 1). For the past few months, the S&P500 (SPX) had been steadily trending upwards along the channel. The lower trendline acted as support while [...]
