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Saturday, February 4, 2012

S&P 500 - End of Week Analysis - 03 02 2012 - above the blues

S&P 500 - EOW Analysis - End of Week  Jan' 30 to Feb'03, 2012
Our End of Jan'12 Analysis (post here) concluded that it was Advantage Bulls. Since then the bulls have moved the index up 30 odd points, keeping well above the BLUE middle line of the monthly channel (shown above). The 3 white lines show the Weekly channel (update from old post here). Moving above the middle line of the Weekly channel is what would keep the Bulls on their toes next week.