This is the worst case scenario as we run into a confluence of Market Failure. We have a Greek Default, A housing bubble in Spain and uncontrolled lending on property that has no standardized appraisal system in Spain, Portugal, England, Ireland, Italy and France.
The S&P500 day trading course looking at a very consolidated trading range with no volume. We are continually bouncing in this small range and looking for some commitment to take us out of the range. The daily chart is showing more and more consolidation between 1324-1340. The point of control in this range is 1334…
The S&P500 day trading course is looking at price action in the Bearish Channel and a possible change in direction.
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