holding on

Recovered yet again from a potential sell signal at 1860, showing that we still have strong support at the 55 EMA and keeping line S4 active.
Not much happening – a waiting game to see if the trend change occurs here or perhaps we get a short burst upwards to complete the shape.

The oscillator signalling weakness again, so be on alert for a fast move down.

Chart of S&P500 for 8 May 2014

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