6 Oct 2014

The 75ma on the daily chart proved to be a good resistance for the SPX.  A trend line support that has lasted since Oct of 2013 is acting as strong support and this also needs to break. The current patterns are still to be determined, but the corrective count is not over if we are looking for higher highs to come.  The bears need to be able to break the lows near the 1925 level. 

MT: DOWN
ST: UP
PA: NA