WILL SPX BREAK the 377d MA ?
It is a critical test, and we will know soon
Breaking the uptrend line (377d.MA) in a more meaningful way, if we do soon, should trigger a deeper slide.
One of my own charts, suggest a rally may be underway ... update
: RUT-long term
-- To Break, or Not to Break ? -- If no break, we get a rally.
Adding in volume, we get ... SPY-weekly
I don't use "Money Flow" much (see above), but it certainly looks positive in the Daily chart of SPY
Here's a chart you might watch for a sign that a bigger rally may be underway:
PHM / Pulte Homes ... update
If the Fed or someone else can come up with something that will help Home Builders to rally, it may help inspire a big rally in the general markets.