DJI and SPX charts

These are charts of the SPX and DJI. On Sept 21, I posted that a potential trendline was nearing on the SPX and DJI indices.

14:36] <ninja> 818 – 25 next DJI resist area imo
[14:42] <ninja> is testing the tl fwiw SPX 47.7′s
[14:45] <ninja> this is a HUGE area for SPX imo
[14:45] <ninja> tl
These trendlines are longer term, and larger resistances.

These tested on Sept 21 and the indices fell from there. It is still to early to say if these trendlines will hold as resistance and a top longer term, but for the short term the indices have remained under following the Sept 21 test. NO longer term supports have been broken yet in my opinion, and this is what needs to happen in order for bears to take control.

Short URL: http://www.canadafinance.net/?p=1170