we starting to see big bying pressure across the bord on all major stock indexes , so sp500 should be able to breack it's range and go above , all that thanks to fomc :)
Talking about a snoozefest! Momentum has consistently dropped since July 2014. ADX, D+ and D- are all well below 20 which suggests ranging. D+ and D- have also both dropped off more just recently. Not exactly great trading conditions. ADX needs to cross 20 and either D+ or D- needs to pick up steam for a clear trend to form again. A break of 2040 could net...
The SP500 has a remarkable run since 2009, not least due to all that quantitative easing. Calls for an end to QE and consequently rising interest rates have been growing ever since the latter part of 2014. Since Jan 2015, the SP500 has been ranging in a fairly narrow range and to be honest, it's getting a bit boring. D+ has just this month crossed below 20 and...