I posted the stochastics trend earlier for SP500, not expecting it to reach the support line so soon. Yet it definitely did today, at the low point of the day. I was watching it and it touched the blue line below. There was a nice slug fight there and the index moved up, retreating for now from the line. Usually it has to close end of day at the line for the reversal to happen next, so I expect some more downside Monday. Who will win? This line is awfully high now vs. the last "W" formation from the Fall, so its not like its vastly oversold yet, getting through it should not be as difficult as the case last Fall. We will see I guess. If it makes it through all heck should break loose.
