Bullish or Bearish? Week of August 22, 2016

Here are the results of the technical and sentiment indicators for the week of August 22, 2016: 

Technical Indicators

S&P 500 is above its moving averages = Bullish

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

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

S&P 500 is above support @ 2,150 = Bullish

 

Sentiment Indicators

II survey: (Aug. 16) 56.2% Bulls; 20.0% Bears = Bearish 

AAII survey: (Aug. 17): 35.6% Bulls; 26.4% Bears = Neutral

VIX: @ 11.34 = Bearish

RSI: (S&P 500) @ 59.40 = Neutral

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