
The S&P spent a third day knocking around the 1070 level and this narrow action will expand very soon (and likely higher)
Sentiment indicators continued their recovery with the Nasdaq Bullish Percents posting a new MACD trigger 'buy' - negating the August 'sell'
Once again, it's hard to be a buyer but the trading environment favours longs.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, stock charts, watchlist, multi-currency portfolio manager and strategy builder website. Forex data available too.