SP500 08/14
BIG Picture Snapshot 08/14/2017 Published Sunday
GOAL of Analysis:
> Major indexes are analyzed to determine market prevailing direction.
4 Market stages: Basing, Advancing, Topping, Declining
Current Market Stage: ADVANCING CAUTION - major indexes testing 20 & 50dMA
Color Key:
Green (Bullish) - ABOVE 20 & 50-day Moving Averages (dMA)
Orange (Caution) - BELOW 20 & ABOVE 50dMA or ABOVE 20 & BELOW 50dMA.
Red (Bearish) - BELOW 200dMA
chart courtesy StockCharts.com composed by SelectiveChartists.com
