An informal presentation of technical analysis, market ratio analysis, psychology and macro fundamental opinion... along with whatever else is required to stay on the right side of the markets. The premium NFTRH service takes all of these and more to the next level.
"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10
Wednesday, April 11, 2012
S&P 500 daily chart
This was an impulsive break on volume and importantly, in line with signals from leading indicators. The SPX could easily rise and test resistance at 1390 (must clear current resistance first), at which point shorts will be very interested to see how it does.