There it was, the SPX headed up calmly to a new all time high. But as the linked - too
chart shows, there was another failure up at resistance set by the recent double top. SPX
There were factors to concern us today: An IMF report of low growth, the Fed minutes, big
trouble in Kiev. Still, when taking out the old high should be a lay up and you get yet
another rejection, you need to pay extra attention. At the least know that there are determined
sellers up near SPX 1850 and factor that into your thinking.
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