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November 2nd, 2011: Update 1 – Morning

Posted by pugsma on November 2, 2011

1:45 pm EST:  Here is the updated SP-500 weekly chart showing the confirmed MACD bull cross.  The 200-week SMA (currently at 1151) is important on a weekly closing basis.

SP-500 Weekly Chart (11-2-11):

11:20 am EST:  Looking at the “BIG PICTURE” for the last decade and the forecast decade yet to come.  Here is the SP-500 monthly chart.  Staying above the rising 200-month SMA (currently at 1114) on a closing basis is a key.

SP-500 Monthly Chart (11-2-11):

 10:30 am EST:    Here is a quick look at the 5 min chart.

SP-500 5-min chart (10:26 am):

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