Users: Closing Basis - go with the flow: 160805 - SPX 5pcnt above 100MA chart.jpg

160805 - SPX 5pcnt above 100MA chart.jpg

Comments

Closing Basis - go with the flowClosing Basis - go with the flow
Bulls are in control, but the upside potential is small. Perhaps we just get a stairstep type market for the summer. In any case, SPX rarely deviates further than 5% above its 100MA before stalling or reversing. 8/5/16
DinkDink
I don't think upside potential is small at all. If this is anything like the breakout in 1995, then upside is HUGE! 8/8/16
Closing Basis - go with the flowClosing Basis - go with the flow
I'm talking about over the next couple of weeks only. 8/8/16
DinkDink
Whoops, sorry! My mistake. 8/8/16
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