March 12, 2016
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To Complete Double Bottom
Standard and Poor’s 500, S&P 500
In our last analysis, we saw Dow Jones Industrial Average is in the mode of changing direction; double bottom. See previous posting for details. If you zoom out, said twelve months data at S&P 500 chart, it has a bigger double bottom in the making. Picture worth a thousand words. See chart for more.
March 11, 2016 Standard and Poor’s 500 Twelve Months Data
Double Bottoms, S&P 500
March 11, 2016 S&P Twelve Months Data and Double Bottom
MACD is showing weakness; potentially the price may be changing direction.
Moses US Stocks Analysis and Scan
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