Tuesday, February 1, 2011

SPX 500 Long Term View

- SPX 500  new weekly High
-trend remains up
-monthly C-RSI comparatively low relative to previous two Bull markets

*NOTE*    last week's tick was very high relative to the red trend line again. Index getting ahead of itself and needs to moderate with a bottom tick that touches the red trend line.  This remains a Bull market condition showing an increasing out-of-balance condition that will need to return to balance fairly soon

Kind Regards

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