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Strategies & Market Trends : John Pitera's Market Laboratory

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To: The Ox who wrote (18647)1/27/2017 2:02:57 PM
From: John Pitera  Read Replies (1) of 33421
 
Hi Ox, I agree with your outlook.. I posted this SPX chart last night on the swing trade thread, did not have time to post it here


To: robert b furman who wrote (25237)1/26/2017 6:22:06 PM
From: John P of 25252
Hi Bob,

you are absolutely right the SPX has gotten above it's bollinger band and keltner channel,

the MACD is crossing back over to a buy signal, the A/Distribution is excellent, the Money Flow is showing improvement, the volume is greater than it's 200 dma and dried up on the pullback last month.

I'd like to see the 9 day MA cross the 45 Day EMA on the RSI system.... a bit more upward price action will do that.

overall the SPX daily chart looks quite good...... the NASD and NDX look even better. The USD is hold firm and the EUR has started to break down out of it's trading range of the past week.



-----------------------------------

John

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