Sorry that this is a busy chart, but it portrays a Long Term bias in the current market.
All of the MACDs are above the "0" line with the shortest and longest only 1.029 apart (@ 9:48:31EST)
Price is viewed as a "solid point" line and is above ALL EMAs with 1082.85 being the closest, and the longest EMA-521 (aprox 2 years of trading days)
The solid HZ lines are all color coded to the tops of each EMA on the left.
The dashed HZ lines are all color coded to the bottoms of each EMA on the left.
This gives a proper view of where each EMA has toped out, turned down, bottomed and turned up -- all with respect to price.
RSI is a good key in it is not over bought and in a slight uptrend IT (this year)
Yes we can have another 1987, but currently there are a lot of strong support zones close together and price is above them all.
Just my opinion and no does not help day traders or scalpers -- but it should if they are really good.
Have a MERRY CHRISTMAS, JOYFUL HANUKKAH, and to all a HAPPY NEW YEAR
mss
Comments welcome
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=10&mn=6&dy=0&i=p00199717516&a=186113160&r=3848.png
