Long way up or down?

SP:SPX   S&P 500 Index
446 8 10
Again, in relation to my earlier post on DOWI             which requires two conditions to be fulfilled, namely, Break of long term uptrend line with CCI moving below 0. Currently both conditions remain intact for SPX!
This bull is on steroids again.
Long term CCI trend change is very worrisome and can be significant. My thought is downward risk is much higher than upward potential. It is debatable how deep the potential drop can be. To qualify as a strong buy, I want to see CCI oversold at least.
+2 Reply
hey, looks like we have a break now.. :)
+1 Reply
MACD death crossed still ON
Updated monthly SPX
+1 Reply
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