40 DMA % index one day away from an all clear – $SPX [chart]

Score: +6

The RUT and NASDAQ joined the NYSE above the 20 DMA for the 40 DPI.  That is to say the brightly colored line is above the blue line now on all three indexes.  That puts these charts into a bullish mode and scores a +6 on the index.

Video: How to interpret 40 DMA % Index

Download: StockFinder  5.0  – 40 DMA % Index indicator

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This entry was posted on July 8, 2010 at 9:19 pm and is filed under 40 DMA % Index, Right. You can follow any responses to this entry through the RSS 2.0 feed.