- SP 500 is moving up in a channel. The current move is expected to hit the top of the channel at around 1120.
- The MACD has given a buy signal.
- Price has not crossed the 20 day moving average.
- My personal view is that the current up move will end around 1140-1150 to form a weekly Head and shoulders pattern resulting in heavy selling.
Your analysis are always rock solid. LOVE them!♦
ReplyDeleteI am a HUGE fan of yours.
ReplyDeletevanakam san
ReplyDelete@TPM
ReplyDeleteThanks for the comments.
@DG
Vanakam DG r u from chennai?