Category: TECHNICAL ANALYSIS

MAJOR INDEXES FAIL TO BREAK THROUGH 50 DAY MOVING AVERAGE S&P 500 and other indexes such as Dow Jones and Nasdaq failed to go past 50 day moving average. This likely sets us up for a 200 day moving average touchdown. On the...

S&P 500 checks 200 day moving average again S & P 500 bounced off 200 day moving average again today. 40 week average or 200 day MA, which can be used interchangeably, is at 2618.89. At the time of writing this post, the...

S & P 500 closed above 200 day Moving Average on April 3/4. Markets did well to close above the moving average. Today, the markets seem to be retesting the 200 day MA. S & P 500 closed slightly below but Nasdaq and Dow...

S & P 500 made a good comeback last this Friday. From a low of 2641 intraday, it closed at 2691. That’s a huge come back for the market. This potentially means good short term play for the near future. As volatility...

Markets faced a heavy correction today. Seems like volatility is back in the market. Importan to note is that the indexes such as S & P 500 broke its 50 day support today. This is not good news as it may lead to further...