Dangerously close
There are sets of rules used to interpret price action around trend lines. br /This one is called, "Too good to be true" rule.br /br /If price moves towards the trend line after a multiple test, be careful if you fade it. br /I knew this was coming this morning when SPX made a consequtive test of that xTrend at 780 .... made me got out of SPX shorts quick.br /br /However whatever upside we get will likely be a fake out on weekly charts so don't fall in love with it.br /br /I am waiting to short ES / SP at the right time and price. I stay short financials and real estate. br /br /a href="http://1.bp.blogspot.com/_ZdctlOEsqMQ/SdQDNNgiWxI/AAAAAAAABkI/_BquszACqUU/s1600-h/DC_Capital02+Apr.+01+20.05.gif"img style="cursor:pointer; cursor:hand;width: 400px; height: 235px;" src="http://1.bp.blogspot.com/_ZdctlOEsqMQ/SdQDNNgiWxI/AAAAAAAABkI/_BquszACqUU/s400/DC_Capital02+Apr.+01+20.05.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5319880585330711314" //abr /a href="http://2.bp.blogspot.com/_ZdctlOEsqMQ/SdQDMzcguzI/AAAAAAAABkA/rRgqOa0sALE/s1600-h/DC_Capital01+Apr.+01+20.04.gif"img style="cursor:pointer; cursor:hand;width: 400px; height: 247px;" src="http://2.bp.blogspot.com/_ZdctlOEsqMQ/SdQDMzcguzI/AAAAAAAABkA/rRgqOa0sALE/s400/DC_Capital01+Apr.+01+20.04.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5319880578334505778" //adiv class="blogger-post-footer"img width='1' height='1' src='http://res1.blogblog.com/tracker/2192317321691025209-1122024315747952280?l=xtrends.blogspot.com'//div
