Tuesday, June 18, 2013

Technically It Does Not Getting Better Than This!

The S$P 500 is about to confirm the bottom.  It was not a V-shape bounce, but a W-shape bounce.   Usually W-shape bounces are better than V-shape bounces.  The 50 day moving average held and MACD about to cross.  It doesn't get much better than this for Longs.  

We should be able to hit 1670 without much effort, which is the top of the Bollinger Band. This just happens to coincide with a Fed Meeting tomorrow, so it could mark a top or we could continue to slowly ride the upper band.

Personal account at its highest point, up over 26%

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