May 12, 2014


Very choppy and boring week... today SP500 reached the first target at last. Looking at the other indexes I think SP500 will reach the next target 1920.
Nothing to worry about as long as it stays above 1880 - the gap and MA50 hourly.
Nasdaq looks like it wants to move higher to 3700, Russell 2000 made lower low with MACD divergence which means we should see more to the upside in the next couple of days.

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