A Market Timing Report based on the 3-07-2014 Close published Sunday March 9, 2014
The SP500 Index (SPX, SPY) is now four days over the prior (green ) resistance line as shown on the chart below. The white line above the current price is the next resistance line, now at 1898ish and rising. That channel line could contain the rally. Problems with the Ukraine could also contain the rally. But for now, the Bulls are in charge.
Here’s the SP500 Index Chart (click to enlarge):
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NOTE: The Gold and 10 Year Treasury Market Charts have already been posted. See the link to the upper right. Thanks.
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