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S&P 500 Index

SPX daily analysis 3/1/14

By Wincreaseteam
The market has made a nice move upward from the triangle breakout. It has now moved to the top of the channel and is looking to make a test. The indicators are all overbought. The price pattern is fairly weak.With the VIX being low and the leading indicator (Russell 2000) also showing a signal of topping out, the odds are higher for this to test 2095.
Bearish PatternsMoving Average Convergence / Divergence (MACD)overboughtRelative Strength Index (RSI)sp500indexSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Stochastic Oscillatorwincrease
Wincreaseteam
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