Post by
60606060 on Apr 25, 2015 10:54am
Weekly Charts-0ne year
SP is at the high band and has been there for three weeks and the bands have narrowed as well so this tells me the SP will continue to follow the upper band and could break-out. The 21 week MA has crossed the 50 week MA this week which is a Golden Cross and is a bullish signal. RSI is below 70 and stochastics are around 80 so should be watched. Momentum, MACD are strong. Daily charts need a jolt to continue the upward trend -as of Fri. the SP is at the lower trend line. The commodity channel index has fallen below 100 but still positive and a couple of good days will put it in bullish territory. So, next week should be positive for the SP but could be more volatile but the short term target still remains in the high $.60s. I added Fri. as did TD.
Comment by
Coolheads on Apr 25, 2015 11:11am
Thanks - this is helpful.
Comment by
sirbarfalot on Apr 25, 2015 2:22pm
Nothing is going to happen until the big, BIG gorilla pulls the lever. Ambulances and bandages are waiting back stage. In the meantime enjoy the endless puppetry.