An informal presentation of technical analysis, market ratio analysis, psychology and macro fundamental opinion... along with whatever else is required to stay on the right side of the markets. The premium NFTRH service takes all of these and more to the next level.
"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10
Tuesday, July 3, 2012
SPX chart updated
Suspect though the holiday week activity is, here is the SPX continuing to break above the line where most of the money that thought is was smart sold in May. That is a resistance line being broken and that is a MACD having never triggered down and now gone 0+.
On the downside for bulls, it could be an A-B-C upward correction. There's the next resistance zone above.