I made a chart with the DOW so I thought I would post another chart with the S&P.
Like I said in my DOW chart, I don't think the S&P will go down this week.
I think it will go down after the long weekend.
The CCI is quite low already (not included on this chart post; I don't like cluttered screens). I use that as opposed to the RSI as I get better buy and sell signals.
The Stoch RSI is below 20 which indicates a possible buy signal.
Lastly, the ADX of the DMI is quite low which indicates the strength of a trend. Although that could reverse quite quickly.
If you look at the MacD you can see there is some consolidation happening, but I just don't think we are just quite ready to explode to the downside. I'd give it another week. ;-) LOL!
I don't have a target range … sorry folks.... but it will hit a support level of some sort.
I could be wrong. I have been wrong soooo many times before. ;-)
Like I said in my DOW chart, I don't think the S&P will go down this week.
I think it will go down after the long weekend.
The CCI is quite low already (not included on this chart post; I don't like cluttered screens). I use that as opposed to the RSI as I get better buy and sell signals.
The Stoch RSI is below 20 which indicates a possible buy signal.
Lastly, the ADX of the DMI is quite low which indicates the strength of a trend. Although that could reverse quite quickly.
If you look at the MacD you can see there is some consolidation happening, but I just don't think we are just quite ready to explode to the downside. I'd give it another week. ;-) LOL!
I don't have a target range … sorry folks.... but it will hit a support level of some sort.
I could be wrong. I have been wrong soooo many times before. ;-)