The daily bar chart pattern of S&P 500 continued its sideways consolidation within the support level of 2120 and the blue down trend line - oscillating about its converging 20 day and 50 day EMAs.
The following warning bell was sounded in last week's post: "The longer the index consolidates between 2120 and the blue down trend line, the more bearish will become the technical set up. Why?
-- The following warning bell was sounded in last week's post: "The longer the index consolidates between 2120 and the blue down trend line, the more bearish will become the technical set up. Why?
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/10/s-500-and-ftse-100-charts-sep-30-16.html
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