On the weekly chart we see a bullish scenario. The MACD and the RSI are both rising. Prices -- which fell hard at the end of last year -- formed a triangle consolidation pattern at the bottom and have risen through upside resistance. Also note the 10 and 20 week SMAs are now moving higher with the 10 about the 20. Finally, prices are above the SMAs.
Inside the big triangle consolidation mentioned above we see two consolidations. Prices started to move higher at the end of February and have been rising since. Notice that prices are above the SMAs, the shorter SMAs are above the longer SMAs and all the SMAs are moving higher. This is the most bullish orientation possible. Finally, the RSI is at high levels and the MACD is rising.
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The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.