Bullish or Bearish? Week of Sept. 11, 2017

Here are the latest technical and sentiment indicators:

 Technical Indicators (daily chart)

S&P 500 is above its 50-day MA = Bullish

MACD (S&P 500; 19,39,9) is above its zero line = Bullish

MACD (S&P 500; 19,39,9) is even with its signal line  = Neutral

S&P 500 support @ 2450 and 2400

 

Sentiment Indicators (+RSI)

II survey: (August 29): 49.5% Bulls; 19.1% Bears = Neutral

AAII survey: (August 30): 25.0% Bulls; 39.9% Bears = Neutral

VIX: @ 12.12= Bearish

RSI: (S&P 500) @ 52.34 = Neutral

No comment this week because of the hurricane (I’m in the middle of it). 

I will notify you of my blog posts via twitter @michaelsincere

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