Defense Required This Week as the SP500 Decides
News about the Italian banks downgrade is not unexpected on this blog, as we noted here Flex Zuluaf said Italy will be the sand in the speedos! News from Greece this week should decide the SP500 trend. The SP500 is touching the 1x1 Gann Angle from Ben Bernanke Jackson hole speech low, so it is a critical time for the risk on trade.
If you do not have Gann Angles as part of your technical charting tool set then you are missing out!
Here is our latest SP500 chart.