March 6th – Progress

SPX - Day 15 for the SPX and it is making slow progress to come up and either tag or break back above the 50sma.

However, The Tech Sector is ahead of the SPX & DJIA ...

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March 3rd – Where Are All The Bulls?

Almost all of the Markets have become choppy over the past few weeks, so what happened to all of the Bulls?  We have found a few Bulls that seem to be moving forward, and I will discuss those in the report.  The others may need to be coaxed out of the fields of consolidation, before they can enjoy a nice solid run again.  Let's take a look at what happened last week?...

 

SPX WEEKLY - Here we see that the bounce of the past 2 weeks has curled up the stochastics, so maybe the selling is done, but I have been expecting a test of the lows.  Compare last weeks drop to what we saw out of the lows in 2015, the bounce also looks very similar, so ...

SPX - If we are due for a double bottom low, next week could be another down week, as shown here where I drew in an extra candle. This would match the 2015 double bottom lows.  Read the chart.

Lets take a look at the flip side.

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Friday March 2

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