S&P500 4.11.2009


Macd 13,26,9 indicator , applied to 2 hour S&P500 chart – generates a clear divergence signal (see the red lines on chart #1).

Seems like we will soon see a trend reversal or at list a bullish correction.

Bullish targets: 1060.0 – 1069.0.

Timing – 2 to 7 days.

As we expected - S&P500 hits both our targets (1060.0 – 1069.0) .

MACD's 13,26,9 signal line crossed the zero level and entered the positive half of the indicator.

We expect to see some more bullish price movements.

Our next targets are : 1080.0 - 1085.0.

Timing: 3 – 7 days.