Hi rob,
I think the spx will drop to 700, (another 20%), in the short term. The rectangle continuation pattern shows a 150 point drop is due once the MACD line crosses down through it's signal.
The rising ADX shows that the downtrend is strengthening, (also a signal to go short),
"Go short when -DI is above +DI and ADX rises while -DI and ADX are above +DI;"
Link
Regards
sp500, page-18
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DJIA (INDEXDJX) to my watchlist
 (20min delay)
|
|||||
|
Last
26,683 |
Change
82.730(0.31%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 26,683 | 0.00 | 0.00 |