Daily chart for S&P
Daily chart for NASDAQ
All 3 indexes are setting up for a bullish breakout with a target at 1,150 for the S&P. However we are still below the 200 day moving average and with the Macclellan Oscillator so high (at 300 last Monday) there might be a few more days of market weakness. I’m looking at the market to dip a bit more (no lower than 1,080 for the S&P) and then continue the rally to 1,150.
This comment has been removed by the author.
ReplyDelete