The following remarks appeared in last week's post on the daily bar chart pattern ofS&P 500: "... all three daily technical indicators are inside their overbought zones. Another corrective move may be in the offing."
The index took a couple of steps up and then three steps down to end almost flat on a weekly closing basis. On Tue. Dec 13, the index rose to touch a new lifetime high of 2278 but slipped down to close only a point lower for the week.
-- The index took a couple of steps up and then three steps down to end almost flat on a weekly closing basis. On Tue. Dec 13, the index rose to touch a new lifetime high of 2278 but slipped down to close only a point lower for the week.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/12/s-500-and-ftse-100-charts-dec-16-16.html
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