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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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From: Cush9/9/2014 5:55:54 PM
   of 5144
 
The S&P 500 chart. I have been following the TSX and the other major indexes, watching for general entry and exit points for stocks in general.

The following chart of the S&P suggests at least some short-term caution. Note the close on Sept 9th is 1988 which is right at support and also at the 20 EMA. A drop below this level would be cause for concern.

In my trading, I also watch the ADX. I am cautious when the the two DI lines have a negative cross with the -DI going above the +DI.

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