Thursday, July 8, 2010

SPX - EOD



Not much to add by way of counts tonight. Refer to yesterday's post for the bull and bear counts.

I'm watching the MAs here. The market recaptured the 21 EMA today. The positive MACD divergence continues and a buy signal is imminent.

Will the market repeat for a third time a backtest of the 50 DMA? I'm thinking this may be the case.


Still within this channel. Going to keep an eye on this one.
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