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By Joseph E. Majocha

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SP500 08/15

 BIG Picture Snapshot 08-15-2016   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

 
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

  

 

 

 

 

 

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