Weekend Charting and Chat - 31st March 2017, page-6

Below is a weekly chart of the S&P/ASX 200.

The S&P/ASX 200 had a BO above recent 2017 high's and currently stands at a 2yr high. Rallied hard during the last week of Q1, breaking through major trend line S/R's, therefore may pull-back during early-Q2, but we are defiantly in a bullish market. Weekly momentum has turned bullish increasing..

The MACD formed a bullish up-cross during late-Q4 with an increasing positive histogram. The bullish histogram had started to reduce since early-Q1, however has increased during the past week for the first time in several weeks. Stochastic formed bullish higher-low's during late-Q4 before re-entering the bullish continuation region (>80). Had recently reduced and formed a bullish higher-low, however is ascending once again.