Replies to post #8609 on MDA - Market Direction Analysis (MDA)

[augieboo]

COMP CHARTS -- my take on the next few weeks/months

Analysis:

Buying a bounce off the neckline, which should come in the 1855-1870 area, seems like the plan.






Current up-channel gives COMP plenty of room, and none of the longer moving averages are in play at all.




Looks like Bollinger Bands need to pinch down a bit more, and price needs to drop relative to the 20 EMA before this can really turn back up hard.