No Damage Yet in the S&P Uptrend

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By Mike Paulenoff | Published 08/4/2006 | Stocks | Unrated

No Damage Yet in the S&P Uptrend

Now that the SPX has thrust to a new high today at 1292, letâ�,��"�s notice that since the first-hour high the new column of â�,��"Oâ�,�s has developed on our chart. But just as has been the case all week, the â�,��"Oâ�,� column has not (yet) inflicted any damage to the existing uptrend.

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.

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