S&P to Retrace

Following the strong bearish momentum from yesterday's ECB QE report, non farm payrolls came out positive, clearing way for the S&P             to return to its former bullish rally. Even further, oil             is expected to drop below $40 a barrel (finally), which is icing on the cake at this point.

The technicals are behind us. Note that the OBV has increased sharply from yesterday, indicating increased buying pressure. At the time of this writing the MACD is headed for a crossover, and the RSI has increased steeply. There is also a huge gap between the ichimoku cloud of resistance and our current price which usually suggests a propensity to close this gap.

Note the large vacuum area between the current price and 208.35, which makes it ripe for a profit target. Expect some retracement after such a strong bull move from open.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out