As it comes off a strong Feb., the SPX is at an important juncture on the weekly chart, as it
is nearing positive reversals of intermediate term downtrends in RSI, MACD, and 52 wk.
price momentum. Interesting couple of weeks ahead. Weekly SPX Also view the monthly
chart in the post just below to note how strong monthly MACD is being tested.
- Peter Richardson
- Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!