This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
Today SPX closed above the Red Cloud Baseline. As mentioned, I am using Weekly Low (SPX 1928) as the reversal point, but typically this will just keep running without a close below the conversion line if 1905 was the cycle low, which I suspect is was barring a break of 1928.Chart: http://scharts.co/1nTNCtT
Thks. spx closed above the 50 dema and RUT has an island reversal and looks poised to do the same