Things are looking more promising for some neutral to bullish market behavior. Can you tell me why I might think this by looking at the 1 year daily chart, and the 3 year weekly chart?
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Craig
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3 comments:
Looks like double bottom on daily chart, verdict still out on weekly chart until see where the highs end as momentum continues to upside
The indicators MACD and STO are weak over the 3 year chart
Price are above all average lines and the double bottom may indicate a run up
Earnings are doing very good to get the bulls running!
Thank you Craig for your input
On 1 year daily chart, Market Forecast Intermediate line id >50; near term and momentum lines are at reversal zone. Stochastic is above 75.
On 3 year Weekly chart, Price above 30 MA, Market Forecast Intermediate line 45 and rising, Stochastic still above 75.
VIX has came down to 15.94 level , it looks like coming up from double bottom.
Craig, Like to hear your point of view...Thanks.
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