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hiker

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Reply with quote  #1 
continued from this thread -

http://forums.technicalwatch.com/tool/post/fib_1618/vpost?id=2364730

weekly and monthly MACD's remain on "sell" as the month-end approaches

monthly - price remains below the 5month sma

weekly - 7 of the recent 8 weekly closes reside within the lower BB channel

weekly - CCI remains below a zero value

daily..price closed this week below the 100day sma and the 50 day ema, and in the lower BB channel...

daily - price has been unable to remain above the 100day sma for more than a few days since early November...nearly two months.





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hiker

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Reply with quote  #2 
12/31 close

daily chart

3 consecutive daily closes in the lower BB channel



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hiker

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Reply with quote  #3 
SPX monthly for 12/31

showing RSI direction generally diverging from price direction

a pattern of higher price lows continues since 2003





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hiker

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Reply with quote  #4 
SPX monthly

closed the month on a "sell longs" signal, as defined by the displaced 3 ema fully penetrating below the 5mo. sma...first such signal since 2004.



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