July 25, 2011
– Comments (9)
update of the usual figure displaying the S&P 500 index (at 1338.68, see this post).
No trades today?
#1 The fund trades are shown here.
Chart continues to hold true basically. The middle line seems to be a resistance point at the moment. I think we would have been above it now if it wasn't for this "debt ceiling" nonsense.
I don't know if you are still watching this thread, but I have a suggestion. You have a midline and upper/lower deviation bands. If you put another lower deivation band, that captured the June 2010 low, then I suspect it would also capture the July 2009 low as well as the most recent move down.
I think that might be another interesting line to add.
Chart seems to be breaking down. Binve may be right with his suggestion.
Here is my recreation of your chart and the fitting coefficients that I used in the exponential expression: