AI
Thursday, July 18, 2013 11:40:15 AM
SPX Weekly Chart:
Looks like the Weekly MACD has a very good chance of getting a confirmed Bull crossing this week. With the Weekly EMA 3 above the Weekly UTL, and if the MACD Bull gets confirmed, the Weekly Phase 2 will likely extend. That will mean the SPX Monthly Phase 2 will continue to extend and a Monthly correction will continue to be delayed, the longer it's delayed the bigger the drop could be, because if we get a coordinated 60 min, Daily, Weekly, Monthly Phase 1, they lead to Bear markets. Yes, I said Bear market, it's a possibility, but too far down the road to be concerned about at this point.
Looks like the Weekly MACD has a very good chance of getting a confirmed Bull crossing this week. With the Weekly EMA 3 above the Weekly UTL, and if the MACD Bull gets confirmed, the Weekly Phase 2 will likely extend. That will mean the SPX Monthly Phase 2 will continue to extend and a Monthly correction will continue to be delayed, the longer it's delayed the bigger the drop could be, because if we get a coordinated 60 min, Daily, Weekly, Monthly Phase 1, they lead to Bear markets. Yes, I said Bear market, it's a possibility, but too far down the road to be concerned about at this point.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
