S&P 500 Chart

The 60-day S&P 500 chart has mixed indicators.

Positive signs:

1. After high volume activity in January, 2008, we may see that current volume is much lover.
2. SBV is rising
3. The last MVO was red – last volume surge was to the price move down
4. MACD is rising
5. Stochastics is rising
6. VIX (Volatility Index) declines.

Negative signs:

1. Advance/decline volume and issues oscillators are in decline
2. RSI is in decline
3. VIX is still at high level:

I would consider higher odds on the recovery. Yet the indicators may change and they need daily monitoring.



Do not confuse this post with my previous post. The previous post is based on the 2-year chart and would intend to explain my vision of the longer term trend, while 60-day chart helps me to assume the trend over the next couple of sessions.