Bullish or Bearish? Week of October 3, 2016

Here are the latest technical and sentiment indicators: 

 

Technical indicators (daily chart)

S&P 500 is exactly at its 50-day Moving Average (MA) = Neutral

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

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

S&P 500 support is 2,150 and 2,131 (100-day MA)

 

Sentiment indicators

II survey: (Sept. 27) 45.2% Bulls; 23.1% Bears = Neutral

AAII survey: (Sept. 28): 24.0% Bulls; 37.1% Bears = Neutral

VIX: @ 13.29 = Bearish

RSI: (S&P 500) @ 52.43 = Neutral

 

My latest market analysis can be found at MarketWatch: goo.gl/KfKqaW

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

Understanding OptionsUnderstanding StocksStart Day Trading NowAll About Market Indicators