I made a chart with the DOW so I thought I would post another chart with the S&P.
Like I said in my DOW chart, I don't think the S&P will go down this week. I think it will go down after the long weekend.
The CCI is quite low already (not included on this chart post; I don't like cluttered screens). I use that as opposed to the RSI as I get better buy and sell signals. The Stoch RSI is below 20 which indicates a possible buy signal. Lastly, the ADX of the DMI is quite low which indicates the strength of a trend. Although that could reverse quite quickly.
If you look at the MacD you can see there is some consolidation happening, but I just don't think we are just quite ready to explode to the downside. I'd give it another week. ;-) LOL!
I don't have a target range … sorry folks.... but it will hit a support level of some sort. I could be wrong. I have been wrong soooo many times before. ;-)
‘I have been wrong sooo many times before’ lol do us a favor and don’t post
Princessgirl
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@Savy723, well, that is a lot shorter than writing out a full disclaimer on trading at your own risk, isn't it?
Princessgirl
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@Savy723 I will send you an email about something.
Btw, you learn by reading about trading, you get a deeper understanding of trading by actually doing charts and trades. And, the highest level of learning is actually teaching the subject.