Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Concerning Stock Chart For The S&P 500

The stock chart on the S&P 500 is concerning to me going into this week. The main issue is a trend line we broke over a week ago to the downside. The subsequent bounce over the last week has brought the S&P 500 back to that trend line, but failed to move above. As investors look for clues to the price action this week, pay close attention to that line. If the S&P 500 climbs above it, all is good and stay strong bullish. If the S&P cannot, I would warrant a bearish bias.

S&P 500 stock chart concerns investors and traders