Thursday, 14 July 2016

The move to the upside

After a year of broad price chop - spanning from sp'2134 to 1810, the market has picked a direction, and its to the upside. Further gains to the sp'2200s look due in Aug/September, which should equate to Dow 18800/900s.




Note the MACD (blue bar histogram) cycle for the Dow, set to turn positive as early as the latter half of July, or more viable, at the August 1st open.

Similarly, the sp'500 is set for a bullish MACD cross in early August.

... and that will take us back to MARCON 7.