Friday, 24 April 2015

ASX 200 rallying from trend line support? MACDH ticking up. Over 6000 likely soon.

Chart includes after hours trade.

S&P 500 breaks free of triangle, targeting 2140ish then 2180ish

Daily chart shows the S&P 500 has broken free of the recent triangle. Trend line resistance around 2140 is a target.

Weekly chart suggests that if the daily chart target is beaten, trend line resistance will be around 2180. I think that once this new rally is complete there is large potential for the entire bull run from the 2009 low to be complete, but that's a topic for another day.

EUR/USD daily chart upside break from trend channel + imminent bullish triple moving average cross