S&P Turned Indecisive Near Key Price Level
the fact that the S&P turned indecisive as it tested key technical level does not favor a sustain break to the upside. Additionally, the return of overbought conditions on intraday basis will give...
View ArticleMarket Internal Has Weakened As S&P Tests Key Support
market internal has weakened as S&P moved down to test support at the trend channel moving average. The longer the index stays near that level, the more vulnerable it is to lower prices. This is...
View ArticleS&P Dances Into Increasingly Tight Trading Range
the big picture remains the same. There is a consolidation near the lower boundary of the pink band, just above the important sentiment 4100 mark. Technical pressures are building up as the market...
View ArticleS&P Shifted To Consolidation Mode
an overbought pullback consolidation interrupted the late May massive rally in the S&P. Although seemingly vulnerable to further short-term weakness, the overall technical backdrop remains...
View ArticleS&P’s Approaching Key Level That Had Been Successful In Repelling Price...
S&P rebounded nicely after recent pullback found support near the trend channel moving average. Over the next few days, it’d be important to monitor the rally and retreat behavior as the pink...
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