The market twisted and turned, juked and jived, but in the end it was all for naught as the Fed said nothing new. The slight loss in the averages didn’t keep some centered moving average projections from edging up yet again. Indicators remain mixed as the SPX continued to spin sideways toward a date with a key support trendline over the next few days. What it will do once it gets there we’ll have to wait and see. The centered moving average projections suggest that support will hold and that the market has another upleg coming. The indicators are speaking in tongues (glossolalia). They will send a clear message when they are ready. Click here to download complete report in pdf format (Professional Edition Subscribers).
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