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Bull Markets and Bear Markets
Investment Analysis
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The ART Of The CHART
By Joseph E. Majocha

This book guides you through the fundamental "need to know" concepts of technical analysis and displays 60 real-life charts that clarify key points, and teaches how to make it work for you in an easy to read, understand and apply methodology. Learn More >>

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SP500, NASDAQ, DJIA 01/09

 BIG Picture Snapshot 01-09-2017   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 (Overbought - anticipate pullback)

 
Color Key:

Green (Bullish)     - ABOVE 20 & 50-day Moving Averages (dMA)

Orange (Caution) - BELOW 20 & ABOVE 50dMA

Red (Bearish)       - BELOW 200dMA


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