$SPX $SPY daily…1) Price has been holding above the10-ema2) 10-ma has been holding above the 203) 20-ma holding above 504) All MAs upward sloping This is an up-trending market where price tends to draw in more buyers because of persistent strength. pic.twitter.com/uIxBYWjo5L — Jonathan Harrier, CMT (@jonathanharrier) February 7, 2023 Today’s Chart of the Day […]
Chart of the Day – Thursday, December 8th, 2022
One difference (so far) between this down trend and '01 and '08 was we have yet to see a major break below the 200-week moving average which has been excellent support on many prior market dips. pic.twitter.com/ggaN5IcORY — Andrew Thrasher, CMT (@AndrewThrasher) December 8, 2022 Today’s Chart of the Day was shared by Andrew Thrasher […]
Chart of the Day – Wednesday, November 30th, 2022
S&P 500 closed above the 200-day MA for first time in more than 7 months. Looking at the previous 13 times (since '50) it was beneath this trendline for 6 mos or more and closed above showed only once did it move back to new lows. Up avg 18.8% yr later and higher 12/13 times. […]
Chart of the Day – Wednesday, September 21st, 2022
$SPX pic.twitter.com/QoyqNrOln8 — Dan Russo, CMT (@DanRusso_CMT) September 21, 2022 Today’s Chart of the Day was shared by Dan Russo (@DanRusso_CMT). The 200-day moving average has been falling for 104 consecutive days now, and the S&P 500 has been trading below it for 114 consecutive days. Both of these streaks are the longest since 2008, and […]
Chart of the Day – Tuesday, June 21st, 2022
$SPY daily with price candles removed so only moving averages are visible. Notice all still pointing down. Tells us if trading long stay nimble and that the big picture trend is still down for now pic.twitter.com/9N5pP3Avh6 — Sunrise Trader (@SunriseTrader) June 21, 2022 Today’s Chart of the Day was shared by Sunrise Trader (@SunriseTrader). The […]
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