Replies to post #16458 on T/A ETF AND INDEX

[northam43]

Pokersam - I agree with you!!

For a sustained rally the SPX weekly needs to complete a EMA 3/8 bullish crossing.

The SPX weekly MACD (12,26,9) completed a bullish crossing back during the week of Dec 28th. However, the EMA 3/8 has not crossed to confirm.



The stimulus package if passed could complete the EMA 3/8 bullish crossing. Which may result in a 6 to 8 week rally.

If the crossing fails, watch out below. We will then go to new lows.

[stockoptionan]

sounds right to me.alex