Spamwich's  Instablog

Send Message
Specialty: Technical Analysis My early years were not so rich, I had a poor family, at age 12 I landed my first job as dishwasher for $6/hr, by 14 years old my mother suggested to cut grass around our town for extra money, so with what little money I had, I put into some fliers and a lawnmower.... More
  • April Expectations: Paving The Road For S&P 2000 0 comments
    Apr 1, 2014 9:54 AM

    I would like to start this off with a bit of a reflection of last month, the month a little better than flat, ending as a spinning top candle. I do not look at the candle as seller exhaustion as price closed above resistance. My upside target this month is about 1910-1920 , and I am getting early buy signals on the daily.

    I'd like to go into some detail on the daily for our expectations early this month. I'm getting early buy signals on the Daily MACD, the Bollinger band is squeezing which I'm interpreting as soon to come volatility. The MACD is not as low as I would like to see, but it was trending lower and yielded a poor downside/corrective looking move. So at this time I see good potential for a quick jump to 1890+ this week based on the MACD and break outside of the descending channel in the insta blog below this post.

    I'm not sure if I have made this clear or not, but still do see July as a reasonable time frame to see the S&P reach 2000...

Back To Spamwich's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.