SPX: Nearing upside monthly trend objectives, early

The ADX reading on monthly S&P chart indicates prices are headed for a test of 2841, although the objective was expected to be reached later this year. The last time the market was trending this strongly was in winter of 2013/14: if the market matches the ADX peak again it should have trouble getting through the 2841 area because of elevated readings on ADX. From current levels, another couple months of higher prices appears likely.

Mar Bond shows slowing upside potential

CLF7 maintains bullish tone as 40-day SMA tested

Gains are keeping the market focused on further upside as prices build on the Morning Star Candlestick at the recent low while bullish readings persist on daily studies, including the 6- and 10-day SMAs. A push past the 40-day SMA, orange line, is needed to boost the bullish case. 

Dec 10 -year: Bearish trends remain active but mature

The strong selling of the past few weeks has advanced bearish readings on daily charts consistently, but signals are now well into mature readings that will be hard to maintain without fresh indications of additional momentum to the downside. A cross above the 10-day average would indicate that the bearish move has been neutralized.