A full Fed meeting this week with the Janet Yellen Q&A press conference. What she says will help shape what policy decisions may come in the future. For equity performance, the current setup is for eventual further gains, but better buying opportunities will come in time. This will be the base case as long as the global picture continues to normalize or for the purpose of this blog – the monthly TD Buy Setups in various charts (emerging markets, crude oil, Russell 2000, etc.) continues to hold.
S&P 500 (SPX) SHORT TERM OUTLOOK: BULLISH
Neutral if four-hour SPX closes below 1979.26, same as daily price flip.
S&P 500 (SPX) SHORT/INTERMEDIATE TERM OUTLOOK: BULLISH
Neutral if daily SPX closes below 1979.26.
S&P 500 (SPX) INTERMEDIATE/LONG TERM OUTLOOK: NEUTRAL
Neutral until further notice.
S&P 500 (SPX) LONG TERM OUTLOOK: NEUTRAL
Bullish if monthly SPX closes above 2107.39 or Bearish if monthly SPX closes below 1850.61, the weekly TDST Support level on Thursday, March 31, 2016.