SP500 Index: You think it’s up and all is well? Think again.

Posted on January 24, 2011 by David Durand

The SP500 index gave a market timing signal the other day that is shown in my FREE tracking newsletter that was just out this morning. The little bump up in the SP500 index today does NOT void that SELL signal represented by a so-called “wedge.”

The SP500 index would of course void the wedge signal if it moved up and closed above the wedge, so that is what the Bulls are hoping for today.

CONCLUSION: The market has to move significantly higher to void the break of the Bearish upward wedge that occurred a couple of days ago. Read today’s free SP500 tracking newsletter to learn more and see the chart by signing up using this link:

Click Here to Subscribe to my FREE SP500Tracker™ Market Timing Newsletter and free “Tips”

Standard Disclaimer: Remember, it’s your money and your decision as to how to invest it.

This entry was posted in Market timing, S&P 500 Index and tagged , , . Bookmark the permalink.

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