Short Term Trading Member Forum

[chris3403]

airedale88 I would like nothing more than for you to be right on the 10wk cycle being in for the Indexes.
I’ve been on the road for the past 10wks and just recently returned home this past Sunday. During my absence I’ve been unable to update my personal Index charts.
Even as I speak the Futures are green however the
SPX doesn’t look that bullish
13ema appears to be rolling over
Closed beneath the 50ma
Got a macd crossover to the downside couple of days back.
Macd crossovers to the downside usually imply sideways or further downward movement is coming.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p01312227283
Like I said air I hope your right its just that the SPX doesn’t look that bullish to me right now.
gl/gt
chris