Re: [RT] next week on sp500

[Dan C <zinnwaldite@xxxxxxxxxxxxx>]

Ben,

No chart showing here.

Dan

Ben wrote:

this is why  short term we will be down

but

month end or first week in may 1475 on sp

Intermediate term

The chart below covers the past 1.5 years showing the S&P 500 (SPX) in red and an indicator showing the mean percentage the component issues of the SPX are above or below their respective 50 day EMA’s (AEV) in blue.

The chart suggests we are at a critical point, if the indicator is turned down at the trend line it will take the index down with it.

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