Monday, July 7, 2014

There is another threat of the S&P 500 (SPX) recycling upwards through the daily charts. The 4 hour SPX will record a “9” count TD Sell Setup today, along with TD Sell Countdown/TD Combo Sell closing in on “13’s”. But by closing above the TD Trend Factor at 1979.79, this now indicates any pullbacks can be bought, stretching the market even further. From this vantage point, the monthly SPX is coming into a final “13” as soon as August. Note: Blog will be on vacation until early August. 


S&P 500 (SPX) SHORT TERM OUTLOOK: NEUTRAL

Bearish if SPX closes below 1974.20 today.


S&P 500 (SPX) SHORT/INTERMEDIATE TERM OUTLOOK: BULLISH

Neutral if SPX closes below 1960.23 today.


S&P 500 (SPX) INTERMEDIATE/LONG TERM OUTLOOK: BULLISH

Change to neutral if SPX closes below 1936.16 on July 11, 2014. 


S&P 500 (SPX) LONG TERM OUTLOOK: BULLISH

Neutral if SPX closes below 1872.40 on July 31, 2014. 


 

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

2 Responses to Monday, July 7, 2014

  1. Tien Truong says:

    hey where have you been?!

    • Art says:

      I’ve been on vacation. I will be back in the next couple weeks as I get a handle of what I have missed – and it looks like I missed a lot.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s