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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (18603)

1/26/2017 6:23:00 PM

From: John Pitera

1 Recommendation

Recommended By
ggersh

Read Replies (1) | Respond to of 33421

To: robert b furman who wrote (25237)	1/26/2017 6:22:06 PM
From: John P	of 25239

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