S&P500 Trading at Trendline

SP500 daily chart 6/21/2013 9:55AM EDT FOMC: The S&P500 slid sharply after the FOMC event risk. Equity markets have been rallying on the back of easy monetary policy. Scaling back of asset purchases will take this away like taking away drugs from an addict. There will be some time of coming down. The S&P500 is coming down from a historical high near 1687. Rising trendline, breakout target: As we wrap up the week, the SP500 has fallen below a support/resistance pivot around 1 598.5, and

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