$RUT Bullish Chart Signals $SPY $IWM $SPX

Market breakout with higher lows and higher highs along with an RSI above 50 signaling more upside likely to come. Additionally, both the 10 and 21 MA are above the 50 SMA adding to the bullish posture. Note markets are digesting lower oil prices as a stimulus. Lower oil, higher stock market.

Advertisements

Leave a comment

Filed under Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s