Update on monthly SP500 (SPX) - plus some thoughts
A newer look at the monthly chart for SPX , with circles indicating similarities and some divergence.
Notice also the date periods of the two bull markets. (and remember this one had QE1+2+3.....(+4?)
Notice the stochastics RSI is currently low.
Notice the MACD signal for last months also.
I still see a minimum correction back to the MA200 line.
In conjunction the Dow Jones Transportation Index (DJT) has just made a death cross on DAILY chart .
DJT normally signals what to come, ahead of SPX and DJI and NASDAQ.
A grexit is eyed very soon, from 8 days to 3-4 months, which could act as the "trigger" for the correction ahead.
Notice also the date periods of the two bull markets. (and remember this one had QE1+2+3.....(+4?)
Notice the stochastics RSI is currently low.
Notice the MACD signal for last months also.
I still see a minimum correction back to the MA200 line.
In conjunction the Dow Jones Transportation Index (DJT) has just made a death cross on DAILY chart .
DJT normally signals what to come, ahead of SPX and DJI and NASDAQ.
A grexit is eyed very soon, from 8 days to 3-4 months, which could act as the "trigger" for the correction ahead.