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S&P 500 Technical Analysis and Trends by AndysTechnicals is a document available to read on EtoBox.

What is S&P 500 Technical Analysis and Trends about?

The weekly S&P 500 chart shows the 8 and 13 week EMAs have crossed bearishly, while the 55 week EMA is being tested, signaling bearish momentum. The daily chart shows the 23.6% retracement has been violated, suggesting the bull trend is over and prices will likely retrace to the 61.8% level. The monthly chart shows two potential Elliott Wave counts, with the alternate count implying higher prices to complete the B wave, extending the C wave into 2012.

Author

AndysTechnicals

Language

EN