S&P 500 ~ Update 14 July 2010

The SPX spent the whole day desperately trying to break through the downtrendline. So far the line has withstood every attack and the question is who gives up first?

Is it the trendline wearied by the countless attacks over the last two days or will the SPX back off after realizing that this is a helpless battle just to gather on a lower level to make another attempt to break the trendline?

Tomorrow the battle continues so stay tuned!