Wednesday 21 March 2012

SP'500 - a trading sideways day

Nothing much happened today, come back tomorrow!

SP'60min cycle - largely flat


Bulls scored a minor victory in that we did close above the very important 1400 level. note the MACD cycle which although still negative is crawling back upward. Also useful to note, the RSI has now lost over half of its previously overbought problem.

The potential for a move high is increasing again.

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More later in the evening :)