Nothing much to talk about today. Seems like we are back to "normal." Mindless, low volume (close to no volume), dollar bashing, equity buying days controlled by your friendly Goldman Sachs traders and a few yapping computers. Low low volume today as more and more normal market participants throw up their hands and leave.
No real news today so you left looking at charts. The great big bear downtrend line on a S&P closing basis is 1093.07 today. We closed .01 above it. This line turned the markets lower at 1103 a few weeks ago.
On an intraday basis the downtrend line is 1103.76 tomorrow dropping about .9 points a day. These are obviously very important lines.
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