For fans of lines drawn on stock charts, here’s a quick look at the two charts everyone is staring at these days.
The first is the “channel” on the S&P 500, courtesy of Merrill Lynch. (Note that it’s a day old, so we’ve bounced a bit)
Photo: BofA/Merrill Lynch
The other is this one. The NASDAQ (along with other indices) touching its 50-day moving average. Will it break beneath it!? Stay tuned and find out.