20/03/2014

SP500 is the most important index today since it has not got a cross. There is a possibility to avoid a cross and instead let the 8 day MA turn up instead of crossing the 21 MA. The range now is 849 - 874. A close above the line in the daily chart will keep the index from crossing. So far 855 is holding and the R points are 860,863, 868, 871,873 and 876. A break of 876 opens the way to test the all time high at 888.

Day bar










Day dot










2 hr

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