Sunday, March 07, 2010 6:36:21 PM
Market Update:
SPX Daily - Extremely Bullish - 5 of 5 of my indicators are bullish. The SPX Daily Phase II cycle has made a new high for this cycle at 1139. Very OB, a pullback is expected.
SPX Weekly - Solid Bullish - 4 of 5 are Bullish. The SPX Weekly Phase II is now starting it's 4th week. A new cycle high at 1139.
The MACD(12,26,9) is still bearish but narrowing. It is well above the zero line between 23 & 30.
SPX Monthly - Solid Bullish - 5 of 5 of my indicators are bullish. The chart below shows the PPO making a bullish crossing.
Comments: SPX 1200 still the Long Term Target.
SPX Daily - Extremely Bullish - 5 of 5 of my indicators are bullish. The SPX Daily Phase II cycle has made a new high for this cycle at 1139. Very OB, a pullback is expected.
SPX Weekly - Solid Bullish - 4 of 5 are Bullish. The SPX Weekly Phase II is now starting it's 4th week. A new cycle high at 1139.
The MACD(12,26,9) is still bearish but narrowing. It is well above the zero line between 23 & 30.
SPX Monthly - Solid Bullish - 5 of 5 of my indicators are bullish. The chart below shows the PPO making a bullish crossing.
Comments: SPX 1200 still the Long Term Target.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."
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