S&P500: By the book again?
Classic technical analysis! Literally a school of technical analysis!
In its last 3 attempts, the index tried to break the resistance level while MACD shows 'the cross' (the blue line dropped below the orange one which indicates a change in the trend) and led the market to another down-trend period of several weeks.
As you can clearly see on the graph, the index has failed every time since the beginning of the year, will the situation be different this time?
Trade safe!
Classic technical analysis! Literally a school of technical analysis!
In its last 3 attempts, the index tried to break the resistance level while MACD shows 'the cross' (the blue line dropped below the orange one which indicates a change in the trend) and led the market to another down-trend period of several weeks.
As you can clearly see on the graph, the index has failed every time since the beginning of the year, will the situation be different this time?
Trade safe!
Comment:
By the book