MM Weekly Update

The latest on the weekly charts is still showing a general trend toward stabilization and turning up over the next few weeks.  The weekly MM MACD (still preliminary until Friday close) is showing a change from bearish to neutral IF the market closes the week above 2433 SPX. There's still an opportunity for one more low this week or next per these charts.  The odds for one more low anytime soon drops off after next week.

Dr. Cari Bourette is an analyst at ElliottWaveTrader.net, where she provides her proprietary market mood analysis in our flagship service, "Avi's Market Alerts."