It was an up trending day in the cash S&P500 on Wednesday. Although we didn’t make much headway it was enough to confirm the recent break of the daily TD Supply Line. The associated target price is 1135.02 while the weekly TD Trend Factor target is 1139.40 and the monthly TD Trend Factor target is 1145.47.Bottom Line: If now long on a short-term speculative basis you should know that the price pulses turn negative on a move below 1083.74. For those Longer-term traders/investors who are not long already I think longer-term risk is too high here to do so now.
*NEW* Technical Analysis of Chart positions for longer-term positions:
Dollar Index: Out. (0.65 point loss after 1 trade).
World Gold Index: Out on a close below 1177.80.
Waiting for initial signals on the following charts: 10 yr Bond Yield,
Cash SP500 and the CRB Index.
No comments:
Post a Comment