The algorithm did not print any numbers in the Monday session but the pre-scheduled number clicked off last evening; the signal line bumped up by one tick. The bulls remain in firm control currently. For the SPX starting at 1398, the bulls need to push over 1403, five points higher, to accelerate the market upside. The bears need to push under 1394, critical support, to accelerate the market downside. A move thru 1395-1402 is sideways action. Markets remain unstable and erratic.
5/6/12; 7:00 PM EST =
5/4/12; 9:00 AM EST =
4/30/12; 7:00 PM EST EOM = +46; signal line 25
4/29/12; 7:00 PM EST = +46; signal line 24
4/27/12; 10:00 AM EST = +46; signal line 22
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