2020-07-30

SPX IS IN BULLISH CASE

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
OVER 50% OF SPX NAMES REMAIN ABOVE 200 DAY MOVING AVERAGE,AND OVER 70%  IS STILL ABOVE 50 DAY MOVING AVERAGE, NOT ONLY THAT
BUT THE  CASE SEEMS TO BE BULLISH
......THAT
  1. SPX  IS ABOVE  BOTH MOVING AVERAGE
  2. THE 50 DAY MOVING AVERAGE  HAS CROSSED BACK ABOVE THE 200 DAY MOVING AVERAGE
  3. SPX  HAS MADE  A SERIES OF HIGHER LOWS
  4. SPX LONG TERM UP TREND IS STILL INTACT
  5. BOTH MOVING AVERAGES ARE IN AN UPTREND