Here are this week’s results for the technical and sentiment indicators:
Technical Indicators
S&P 500 is above its moving averages = Bullish
MACD (S&P 500; 19,39,9) is above zero line = Bullish
MACD (S&P 500; 19,39,9) is even with signal line = Neutral
S&P 500 is above support @ 2,150 = Bullish
Sentiment Indicators
II survey (Aug. 2) 52.9% Bulls; 21.2% Bears = Bearish
AAII survey (Aug. 3): 29.8% Bulls; 26.8% Bears = Neutral
VIX @ 11.39 = Bearish
RSI (S&P 500) @ 64.56 = Overbought
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