Markets Still Looking Good: S&P 500

January 11, 2012

The last white heikin-ashi candle follows after a short slowdown of the uptrend. Positive…

In the lower pane, we remove haDelta and leave SMA(3) (blue) with its short average SMA(SMA(3,3) (red).

The crossings point to price reversals. S&P 500 is again in a wait-and-see state and as long as SMA(3) stays positive, the market will have a clear positive bias.

 

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