Wednesday, March 21, 2012

SP-500 Hitting The Top of Range (Bearish)

Weekly SP-500
  • SP-500 Is Hitting The Top of The Bull Fork (Bearish)
    • Bear Case
      • Break below 1360 would break the Mid-line
    • Bull Case
      • Break Above 1420 would be bullish in the short term
    • RSI is showing very overbought (Bearish)
    • MACD is also close to hitting the end of the trend as well (Bearish)
    • HAVE STOPS IN PLACE!