DESCENDING CHANNEL

Below is the 5-day chart of the SPX with a 'extra day' added on for today. See the descending channel? Use that as your short-term guide.


The RUT is now at the 100-day MA as it formed a doji yesterday. There wasn't much of a fight at the 50-day, so let's see if we see some struggle here. Make note that this is the first time the RUT touched the 100-day since April.