The daily chart of the S&P 500 shows that it has rallied 10.6% from the December 26 low of 2346.58. The S&P 500 has overcome the 38.2% Fibonacci resistance at 2573.61 with the 50% resistance at 2643.75. The rally has caused some improvement in the technical studies, as the weekly S&P 500 Advance/Decline Line did move above its WMA last week. This was a sign that money flow was improving, and the bullish divergence was confirmed when the resistance (line a) was overcome. Those who took my advice should be ready to make their fourth equal dollar purchase in a broadly based ETF like the Vanguard S&P 500 (VOO).

Source: Forbes January 13, 2019 18:45 UTC