Signals
Daily - Buy, Weekly - Buy, Monthly - Buy
So far the price action is very constructive for a bullish up move here. The breakout of the rectangular consolidation last week has a measured move to spx 1260. However the daily and the hourly are very overbought here. So a sideways consolidation and another breakout to 1260 appears very likely. The breakout above the downtrend line will almost assure that the A-C-E trendline will be tagged. I am not married to the measured move targets here. Given how the weekly and the monthly are positioned here, any daily sell signal here should be treated with respect.
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