We got a decent sized selloff today but it could have been worse. The bulk of the losses came early in the session and then it was a tug-of-war for the rest of the day. But the sellers were able to do a bit of technical damage by breaking the S&P’s March trendline. [...]

Chad left the following comment on my earlier post about drawing trendlines:

I’m somewhat confused with your chart and I’m wondering if you can help me understand your methodology better. With that chart, why wouldn’t the trendline be drawn from your start point, to the dip that occurred back at the end of November? [...]