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Spamwich
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Specialty: Technical Analysis Name: Michael Payne, CEO of No Payne Roofing Inc. Objective: To share results of technical indications Experience: Relentless market participation since November 2011
My company:
No Payne Roofing Inc
  • 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...

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