1 Mar 2016 - Meeting Up With 75

The SPX has now moved up to meet with the 75 day MA.  Although not many do look at the 75 MA as significant, it can tell you how strong price is by how long it can stay above or below this MA, and often times price can magnet around this moving average.  So are we done moving up?  My answer would be "I don't think so" based on the fact that we are still OB, and up trending.

The futures market initiated a bullish signal this morning at 3:30am intra-day.  It is hard to see and act on this when the move comes overnight.  This is why I reiterate always trading with the trend and confirmed signals.  There is the H&S pattern to watch for and is in line with the previous top made in Sept 2015.  If this trend angle is of importance or dominance then price should find a strong resistance here or the next move is towards the 2020 level where the 200 day MA is currently parked.

SEN: Bearish
ST: UP
PA: UP

I am looking at a weak case if prices fails to push above 2000 SPX, but a strong case if it does and should reach the 200 day MA.