Last night in his weekly visit on CNBC Europe Bill McLaren talked about the potential end of the bull campaign for the SPX due to the weakness of the last trend up. A break below the levels from last March, he says, would end the up trend.
He concluded that we are now in a very strong move down and an up move would need to go beyond four days to keep the up move intact.
Bill is an American living in Australia. If you don't know about him he is very good at what he does. You can learn more about him here.
If anyone from CNBC is reading this post, you would be doing your viewers a great service by showing his CNBC Europe interviews.
Wikinvest Wire
0 comments:
Post a Comment