Tuesday, December 01, 2009
Hewison Updated Trend Analysis on the SP500 Video
Adam Hewison just released a quick update video on the S&P 500 this morning entitled “Trend Change Analysis on the S&P 500,” in which he labels two specific price zones to watch going forward.
(Image links to video page)
Adam notes the recent three swing lows as being key for price to hold and maintain the uptrend (which, by definition, is a series of higher highs and lower highs - which is what we’re seeing currently).
He also look at the current Market Club Trade Triangle signals and levels at which the current bullish triangles (daily and weekly) would change to sell or ‘take profits’ signals.
Like me (and everyone else!), Adam is highlighting the MACD negative divergence in price which continues to stretch out like a rubber band.
As an affiliate of Market-Club, I’m thankful for Adam to making these quick update videos available (this video is only 2 minutes in length).
Corey Rosenbloom, CMT
