Wednesday, September 28, 2016

Benchmark S&P500 Correction 'rolls on' in Time......not Price?

S&P500 Weekly Chart @ Close 09/27/2016
Whilst the NDX100 negated its Outside- Down Weekly pattern this past Week; the Benchmark S&P500 remains under the 'influence' of the Indecisive Small BUT potentially significant Reversal Week of 08/19.
The MACD remains on a Sell Signal juxtaposed to the Full Stochastic (incomplete Week) but potentially signaling a Test of the 2193.81 High.