As plain as the nose on your face…

1207spx

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

And with no need for a nose job.  Today’s candle is about as plain a buy signal as you could want.  Incidentally there is supposed to be a seasonal in December with good little investors being rewarded by Santa Claus.  Bah!  Humbug!  Information like this should be ignored:  the chart tells you all you need to know.  But the stage is set for a strong and continuing rally, as shown in the PnF chart below.

1207spxpnf

http://stockcharts.com/freecharts/pnf.php?c=%24SPX,PWTADANRBO[PA][D][F1!3!!!2!20]

As previously, the target is 2549; recent action does nothing but reinforce the PnF analysis.

 

 

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