Another Tues & another positiive close. C
onsolidation pattern near all-time
high in its 4th week. Probably not a bad thing after Feb
ramp. Bears have had plenty of chances to break it but no
cigar. Entered long SPX on 20ema support
today....ahead of a couple heavy pomo days on tap. Next couple weeks tend to be a
seasonal bullish period as well.
Another Tues & another positiive
Posted by mark109 on 25th of Mar 2014 at 07:17 pm
Another Tues & another positiive close. C onsolidation pattern near all-time high in its 4th week. Probably not a bad thing after Feb ramp. Bears have had plenty of chances to break it but no cigar. Entered long SPX on 20ema support today....ahead of a couple heavy pomo days on tap. N ext couple weeks tend to be a seasonal bullish period as well.
Mark109 excellent chart & well
Posted by lmvine on 25th of Mar 2014 at 08:36 pm
Mark109 excellent chart & well thought out approach,
Any concern with the negative RSI & MACD daily divergences?