The following comments appeared in last week's post on the daily bar chart pattern of S&P 500: "All three daily technical indicators are looking oversold, which can trigger a pullback towards the 200 day EMA and the 2120 level. Bears may use the opportunity to sell again."
The pullback was much stronger than expected. A huge volume surge sent the index soaring past its 200 day EMA and the 2120 level and breached the down trend line of the 'descending triangle' pattern.
-- The pullback was much stronger than expected. A huge volume surge sent the index soaring past its 200 day EMA and the 2120 level and breached the down trend line of the 'descending triangle' pattern.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/11/s-500-and-ftse-100-charts-nov-11-16.html
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