According to the charts below not a whole lot has changes since the March 4th post. The long term sentiment (green signal line Chart 1 below) is still very positively sloped towards continued positive growth. However, the intermediate line (blue signal line Chart 1) is still negatively sloped. This indicates that we will likely see an intermediate pull back in the market. If the drop begins this week a drop below 1352 would indicate a statistically significant move, and a potential buy opportunity (see Chart 2 below).
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| 3/16/2012 S&P 500 Sentiment Signal (click to enlarge). |
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| 3/19/2012 S&P 500 Expected Weekly Range Chart (click to enlarge) |
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