Friday, 20 March 2015

Broader trend somewhat twitchy

With just a minor daily decline of sp -10pts @ 2089, the monthly MACD cycle has again seen a bearish cross. However, the recent post FOMC gains look very solid, and market should be able to climb higher into end month.



Little to add.

I do NOT see the market breaking below the 50dma of sp'2063. Right now, a March close in the sp'2100s looks probable... which would turn the monthly cycle back to bullish.

So.. MARCON 6.... but 7 looks due tomorrow... or next week.