Chart of the Day: Intraday $SPX

Wonder where the market (or your stock) might open tomorrow?  Sometimes looking at a real-time intraday chart can help.  Let’s look at today’s 5 minute chart of the S&P 500 index, the $SPX.

SPX Chart 2-1-10

As of this writing, we’re about an hour and 15 minutes before the market closes. Notice that the bearish sentiment seems to be waning as this morning’s trend line was recently violated. The topping tail of the last bar indicates that this trend line may be broken again. So far, it’s looking a lot more bearish into the close.

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