7 days of positive closes, page-42

hi all.

at times i like to sit back and have a look at the big picture. here is my monthly chart.
the rsi has now broken the down trending resistance line. the sp has been trending down faster that the rsi has been, this is not a bullish divergence but to me the rsi now looks possitive.
the macd hisogram is also in the same position, not a bullish divergence but the 2 macd lines have been decreasing less than the sp.
both the rsi and macd hisogram look possitive to me.
the last indictor is the blue line on the sp chart, this is a macd predictor, this indictor show me how far the sp has to move before the macd lines cross. as you can see the sp does not have to move to the upside much before the macd goes into a buy.
if the macd lines do cross to the upside then the .382% resistance fib is my target $29.11[IMG]

have a good one

582