Cash Index closed friday at 2723 - Weekly Bearish
Reversal lies at 2610 and the current bullish
reversal stands at 2791 while the Bearish
reversal lies at 2682. We closed the last session trading at the 2723, which is below (2791) this level on a daily closing basis at this moment. We need to close above this on a weekly basis to signal a rally is unfolding. The last high on the monthly level was 2940, which was created during September. However, we still remain below key resistance 2742 on a closing basis. Monthly trend is still bearish
- Long term trend is bullish
– Trend is neutral. A possible change in trend appears due come January 2019 in S&P 500
Cash Index so be focused.