What do you fear?
SPX - where is the trend?
Contrary to belief, SPX lacks a trend. The index has traded stuck in a big range with huge oscillations, but without a real trend. These type of markets are very frustrating for most, as people tend to get stopped out both ways. Note futs touched the 200 day moving from below briefly. 4470 is a resistance to watch, and then (if) the 4500 level. Supports are; 4350/4300 and then the big 4200 (if). What this market really needs is a consolidation in order to "sober up" before any new meaningful direction can take place. Lastly, note the 100 day still trading much higher and sloping negatively...