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Positive Early Move Thursday...

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by
tsptalk
, 03-24-2011 at 10:10 AM (1840 Views)
Positive early sign as the S&P 500 moves above the 20-day EMA, but still has a test overhead...

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  1. tsptalk's Avatar
    The Nasdaq is also acting well - jumping above th 20 and 50-day EMAs. It had been lagging but is back in the game, although testing the new resistance line...

  2. tsptalk's Avatar
    I might as well bring in the other leader...

    The Transports are still digesting their recent triangle breakout, but are staying above the old resistance, which should act as support now. We're looking for the S&P to follow this leader and breakout the descending resistance.


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