1. Bollinger Bands at 20 days and 2 Standard deviation
2. 20, 50 and 200 day Simple Moving Averages
3. MACD indicator for 26, 12 and 9
4. 14 day Money Flow Index
We can see that the stock is now trending up with higher highs and higher lows. Also, 15 day Simple Moving Average (SMA) is above the 50 day Simple Moving Average (SMA) which is above the 200 day Simple Moving Average. All these to me are bullish indicators.
Based on above, we can see that the Russell is setting itself up for going higher (highlight 1). The MFI has moved fallen indicating a push higher is imminent (highlight 2). However, the MACD divergence has sloped down indicating that downward pressure is no longer there. Given indicators 1 and 3, it seems these are bullish indicators hinting that the index has room to move higher.
Based on the above, my amateur predictions are as follows:
1. The index will move higher to 1220 to 1250 points within a month from now.
2. The index could push all the way higher to 1280 or beyond by mid March.
Please do your own research before making any financial decisions.
