Hello, askSlim members!
Below is an interim update to the Stock Index Report (SIR) as of the 2/15/19 market close.
The Stock Market advance has continued, lengthening out the rising phase of the short and intermediate cycle patterns. While this does not mean much of a change to the weekly charts, or the longer-term analysis, it does affect the daily charts and their messaging of market conditions. The longer rising phases are noted on the charts. The upward momentum and longer advances leaves shorter periods for a near-term correction. That says the intermediate rise is likely to continue into late February or early March, which would be the rising phase of the following cycle.
askSlim Annotated – SPX WEEKLY CHART
askSlim Annotated –SPX DAILY CHART
askSlim Annotated – NDX WEEKLY CHART
askSlim Annotated –NDX DAILY CHART
askSlim Annotated – RUT WEEKLY CHART
HELPFUL TIPS:Click on each chart and table image for the full-size render.
- New to Slim’s Charts? Click the following link to learn more. Slim’s Chart Training
- Click on the following link to learn more about Slim’s Trend Momentum Tracking Tool
Askslim.com, Inc. owns and operates the website known as: www.askslim.com. All of the information on www.askslim.com is solely for entertainment, informational and educational purposes only and is not investment or trading advice. None of the information on the Website or in emails is guaranteed to be accurate, complete, useful or timely.