Some more simple charts that tell us how close SPX is to a make or break (Still within the LT bullish channel but close to breaking a short term channel).
SPX FUTURES – WEEKLY CHART (critical level 50 week MA at 2559).
SPY – DAILY CHART (critical level 200 Day MA at 258.7)
Winning with Simple Charts (March 25)
SPX & NDX – the short term trend change (March 6)
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About Venkat Pulakkad
Entrepreneur, management consultant, blogger & forecaster. Founder of Flourish Research Media that provides insights on markets, trading strategies & risk management. Currently an active trader with 20+ years of experience trading Forex, Stocks & Options. Areas of interest: Trend / Swing trading, Macro-tech analysis, building trading strategies, deploying Risk Management techniques, and helping / coaching traders to become successful traders. Twitter link: https://twitter.com/Flourish_Venkat
Crystalballing with Venkat 