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What could be a problem technically for the S&P?

What could be a problem technically for the S&P?

The S&P index on the daily chart moved to and through the 200 day MA on Thursday. It moved above the MA today too. The MA comes in at 3967.17. The high today reached 3980.98. The high yesterday reached 3997.76.

The price closed just below the MA yesterday. It is currently trading below that MA today.

Visions of December are dancing in my head. The day of the CPI last month, the price moved above the 200 day MA but closed below. The next day the price moved above the 200 day MA... Read More

Posted: Jan 13 2023, 17:06
Author Name: forexlive
Views: 102651

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