We are currently above a thin , (and above the 200 on the ) which is and the indicator (the bronze-green indicator at the very bottom of the chart) is turning positive which is as well. When EOM ( Indicator) is positive, that means that prices have been closing higher than previous closes on an average of 14 days in this particular study.
We are looking good above the 20 in the cloud for the shorter-term . The 50 is the black line, which is showing the overall resistance. Once we break through this level we are on our way to the convergence of all of the in the upper chart and convergence of the negative and positive indicator as shown in the lower chart; the DMI ( Indicator). Once the indicators converge we will be in territory and follow through with the overall as shown by the turquoise dashed .
Expect to see a move in equities in the coming month, then a follow through. Also, expect to see SPX500 to cross back down through the in 3 weeks.
A was plotted over the chart, which also converges with the rest of the key trend and price level lines. This is accurate from roughly 2016 forward.
Enjoy and invest wisely!