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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (42818)12/31/2012 5:44:57 AM
From: Vendit™1 Recommendation  Read Replies (1) | Respond to of 221985
 
My two cents:

The $SPX will likely drop below the Friday close, at least intraday and probably for the close on Monday. The first support target is 1,391.32. Additional support targets are annotated on the chart below.

All indicators are still pointing down and the stronger momentum indicator MACD has firmly dropped into a negative area below the zero neutral line. There is no sign of reversal as of Friday’s close.




To: GROUND ZERO™ who wrote (42818)12/31/2012 5:52:17 AM
From: Vendit™  Read Replies (1) | Respond to of 221985
 
$GOLD’s MACD histogram and signal lines are rising signaling that metals are going to move higher. Shorter term indicators are up but flat as of Friday’s close.