The following remarks appeared in last week's post on the daily bar chart pattern ofS&P 500: "Some more consolidation - or a correction - is likely. Booking part profits may be a good idea."
The index continued its sideways consolidation for the 2nd week - touching a low of 2159 and a new high of 2177 - but closing slightly lower for the week.
All three EMAs are rising, and the index is trading above them in a bull market. An upward break out from the consolidation zone is likely.
-- The index continued its sideways consolidation for the 2nd week - touching a low of 2159 and a new high of 2177 - but closing slightly lower for the week.
All three EMAs are rising, and the index is trading above them in a bull market. An upward break out from the consolidation zone is likely.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/08/s-500-and-ftse-100-charts-jul-29-16.html
You received this message because you are subscribed to the Google Groups "LONGTERMINVESTORSRESEARCH" group.
To unsubscribe from this group and stop receiving emails from it, send an email to longterminvestorsresearch+unsubscribe@googlegroups.com.
Visit this group at https://groups.google.com/group/longterminvestorsresearch.
For more options, visit https://groups.google.com/d/optout.
No comments:
Post a Comment