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Home > S&P Channel In Danger Of Downward Breach (Update - Breached)

S&P Channel In Danger Of Downward Breach (Update - Breached)

By Tyler Durden
Created 06/21/2012 - 11:46
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 06/21/2012 11:46 -0500



 

UPDATE: Channel Breached on heavy volume

[2]

Having lost its post-Spanish-bailout open high and Pre-Greek-Election closing high, S&P 500 e-mini futures look set to lose the QE-Hope-driven upward-sloping channel...

[3]

and as a reminder, Gold (and Oil) and Treasuries have all lost the QE Hope already...

[4]

 

Charts: Bloomberg and @eminiwatch

 

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Source URL: http://www.zerohedge.com/news/sp-channel-danger-downward-breach

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/06/20120621_ES_channel1.png
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/06/20120621_ES_channel.png
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/06/20120621_QEHope.png