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If you are a subscriber here at Chartfreak.com, you know what this picture represents. Lets discuss the markets and see where they landed at the end of last week.
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I will start with the wkly chart of the SPX.
Again we see a LONG consolidation for the entire yr of 2015 really. Bullish if it breaks higher and rallies, but...
I want to point out the MACD on the above chart and this following chart as a reminder...
Read MoreI wanted to write this late day report for 2 important reasons-
1. You've been filling up the comments section on the last report, so I thought you needed a fresh space to write in 🙂
2. Even thought things are still playing out pretty much as expected in certain areas, this is just a reminder about being able to sleep over the weekend.
Lets do a quick review...
Read More Wednesdays Fed Meeting went off without a hitch. Sometimes the following day can get a little volatile, so Lets look at some clues within the market moves and see if things look normal or sketchy
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SPX- bounced off of the 200sma and now has good follow through above the 50sma. I would expect a possible break above the recent highs
You cant help but notice that the markets have been basically going sideways all year. Will they break out here and just start a nice rally? Here is an interesting clue...
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