Why are we so focused on $SPX remaining above its 200-day moving average? Because every major drawdown since the 2009 low has involved a breakdown through this important long-term trend barometer. "Nothing good happens below the 200-day moving average." pic.twitter.com/PjZeTYe82N — David Keller, CMT (@DKellerCMT) October 23, 2023 Today’s Chart of the Day was shared […]
Chart of the Day – Tuesday, March 7th, 2023
Thus far, S&P 500's bounce at 200-day not too impressive. 200-day still a relevant guidepost; it sits at 3940. pic.twitter.com/xGX01XFyFB — Chris Ciovacco (@CiovaccoCapital) March 7, 2023 Today’s Chart of the Day was shared by Chris Ciovacco (@CiovaccoCapital). The battle between the S&P 500 and its 200-day moving average rages on…We bounced off the 200-day on […]
Chart of the Day – Tuesday, February 28th, 2023
Today’s Chart of the Day was shared in a note by Scott Brown (@scottcharts). The S&P 500 fell 2.61% in February, however, it spent the entire month above its 200-day moving average. As of today’s close, the index has spent 25 consecutive trading days above its 200-day moving average. Scott points out that this is could be evidence that […]
Chart of the Day – Friday, February 17th, 2023
$SPX weekly trend rising. Doesn't rule out pullbacks, but the trend has a higher weekly high and higher weekly low with rising MA crosses. Any weekly pullbacks need to hold > 3800. pic.twitter.com/hnwGYUulTm — Larry Tentarelli, Blue Chip Daily (@LMT978) February 17, 2023 Today’s Chart of the Day was shared by Larry Tentarelli (@LMT978). It’s […]
Chart of the Day – Monday, February 13th, 2023
Performance results for simulation of Long S&P when above nine different Moving Averages and cash under the bed otherwise for the last 50 years. B&H = Buy & Hold. Second Column shows avg annual gain. 250DMA edges out 200DMA which is interesting in that 250DMA is a year. pic.twitter.com/E4O4kRSzJW — Wayne Whaley (@WayneWhaley1136) February 13, […]
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