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Friday, July 23, 2010

Friday updates

Click here for a live, and updated chart!!!
6:36, Here is the updated Fib fan chart, with the current levels for support and resistance marked.
Click here for a live, and updated chart!!!
6:28, The 2nd wave has now retraced close to 100%, odds are favoring the Gray count, although the old count is still valid, the TA does suggest we still have more upside.

This is another chart I use for the short-term trend, and it also is bullish.
The number of stocks that are above their 50 day Moving Average also is steadily increasing. This is one of the charts I use for the Trend finder, and it is still showing bullish signals.
The Summation Index has not printed a red bar in the last eleven trading days, and has been on a steady up trend, now accelerating higher. I expect the SPX to trend higher until the SI starts to consolidate, and then print a couple of red bars before going bearish.

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