Stock Market Analysis With The Elliott Wave Principle -Dow Jones, S&P 500, Russell 2000, Nasdaq and FX. All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
Friday, December 18, 2009
12/18 - SPX WEEKLY MACD REVISITED
Remember this chart? I was tracking the weekly MACD crosses and the associated movement of price as a result of the crosses. I think a red close today will solidify this latest cross.
If past behavior is indicative of future behavior, then maybe we will see that average 4.4% correction coming in the next few weeks.
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