The interday charts look bad but the daily chart remains in position to move higher. Price needs to take out the recent highs with another continuation day and then blast higher before we become totally overbought. I don’t usually worry about moving averages but they do serve as resistance to price. Continue reading
Another Low Volume Down Day for SPX
August 4th, 2008 No Comments
Tags: Pullback · Standard and Poor's 500 (S&P500) · Volume
SPX Five Year Cycle
August 4th, 2008 2 Comments
The five year cycle of the SPX has provided some good trading points from 2002 and 2003. Another inflection point from August 2003 is upon us. Continue reading