Daily SPX Spells Trouble

Shares of the S&P 500 (SPX) are in serious trouble. We've violated a multi-year trend line going back to recession lows of 666 (white line), sliced thru the major moving averages like the government slashes through our money, so I'm officially calling the uptrend over... until proven otherwise, sell in to any strength and hedge yourself!

Happy trading and be careful out there!