Weekly SPX chart using 7 EMA/21 EMA settings

silicon_beaver

Original chart by CM Laoda for DT
http://www.hutong9.net/forum.php?mod=redirect&goto=findpost&ptid=152905&pid=1694710&fromuid=16673

silicon_beaver

yellow mark signals sell;
pink mark to buy.
So I would believe market could go down at this point.

superxy

信号看起来有点滞后？

silicon_beaver

superxy 发表于 2012-6-18 23:39
信号看起来有点滞后？

Yeah. I am using weekly chart.
It provides ST signals of sell/buy.

7 EMA/21 EMA was originally used in DT (read the link in my post)..  

bokchoy888

plankton

so the last yellow signal came in early to mid-May, which we have now passed?

silicon_beaver

Update with an IWM weekly chart.
IWM 7 EMA has broken down 21 EMA a while. In contrast, SPY just touches 21 EMA.
If market is considered being bottomed, at least , 7 EMA should touch 50  EMA.
Conclusion: SPY could move down to 129.4 (50 EMA). And seems at end of its up-trend.

lilitulip

silicon_beaver

By this week,  7 EMA (weekly) has broken up 21 EMA (weekly). read blue-mark in the chart. In my ST system, it signals bullish market.
Those red-marks are sell-points.
In an average correction, 7 EMA hits 50 EMA. But in a deep correction, such as August 8th 2011, 7 EMA could run down below 50 EMA.

silicon_beaver

SPY 7 EMA also breaks up 21 EMA. signals a bullish market.