SPX Weekly Chart Three Year Upward Channel Failure

A couple days ago Keystone told you this was the only hope remaining for the bulls; to keep the SPX within the upward moving channel.  As seen above, price has now collapsed thru the bottom rail signaling an end to the long bull run.  A back kiss is to be expected for such an important failure, thus, a move back up to 1170-1200 would be in order.  But, with this failure, there is nothing in the charts that helps the bull case for the weeks and months ahead. SPX projection is sideways to sideways down for the months ahead. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or on any links to or from this site. Consult your financial advisor before making any financial decision.