I have been mostly neutral overnight for a few days as I place a lot of emphasis on month end closes.
The best bear picture would have the SPX closing under 1213 at month end.
That seems extremely unlikely now but there are other bullish measures unconfirmed at this point.
I remain neutral till month end just playing it day to day.
Laundry's Confidence weekly indicator (a great tool) went pos last night but 1 day to go. I have my own daily version which is below and it is still neg. Check out the dates on crossing of my ma's and it is GOOD.
martis's - royal spanking friday, page-218
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Last
8,252.8 |
Change
38.300(0.47%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,214.5 | 8,271.8 | 8,214.5 |
| XJO (ASX) Chart |