S&P 500 (End of January/2016 review). Are We In The Clear?
*S&P 500 closed right above diagonal support.
*We are approaching/ getting back into the “zone”=boxed area.
*Short term bottom is in, if we can hold and stay above 1940!
*We’ve trended up the past 2 weeks (higher highs, higher lows).
*Bounced nicely off of horizontal support.
*If we can’t get back into our “zone” (boxed area).
*If we can’t hold and stay above 1940.
Remember, you want to look at the overall market first because like my last article indicated, wherever the market goes, so goes your stocks
Next week and the month of February might be very telling in regards to where this market is going.
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