Weekend Equity Market Comment

There is no question on the daily that the S&P 500 has shown some real strength. Just when it looks like it wants to move lower it makes another sharp thrust up. The sentiment number are just about neutral in here as the actually got more bearish as the market rallied. This is a long term bullish indication.

Take a look at the daily chart for the most recent analysis.

There are some very interesting things going on in the equity markets as it seems to have reached a point of decision. Take a look at the weekly chart below for an interesting analysis.