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S&P index testing 100/200 day MAs

S&P index testing 100/200 day MAs

US stocks have taken a turn to the downside and in the process, the S&P index has moved down to tested their convert 100 and 200 hour moving averages. Those moving averages currently come in near 3943. The low price just reached 3945.89 just above that target. The process bounced up to 3950.55 currently.

Moving below the 100/200 day moving averages would tilt the bias towards the downside going forward. Conversely, stay above keeps the buyers in play and holding onto control some co... Read More

Posted: Mar 9 2023, 19:24
Author Name: forexlive
Views: 112524

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