Replies to post #71968 on ajtj99's Market Pulse

[ajtj99]

SPX weekly showing after a test of the 20EMA, price usually reflects back up to test a high or make a slightly lower high. If that test fails, the 50SMA/50EMA come into play next.

This week we tested the 20EMA at 1253, and the test of the highs would come next week. 1280-1283 is the spot I'm watching for on the SPX. If price dies in that range, the 50EMA and 1229 SPX area ought to be in play by the end of March.

http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[e,a]waclyiay[pc9!c13!c20!d20,2!c50!c200!b50!b200...