DJ-30 Holds In Bull Fork & China

DJ-30

• DJ-30 Holds Strong In Bull Fork Due to Hints of QE3!
• Bull Case
• Holds In Smaller Bull Fork To New Market Highs
• Bear Case 
• Break Below 13000 Would Break Smaller Bull Fork

Bullish on China?  Think again?

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!