A standard chart that is used to help confirm the overall market trend is the Momentum Factor ( MTUM ) chart. Momentum Factor is an investment that seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks exhibiting relatively higher price momentum. This type of momentum fund is considered a reliable proxy for the general stock market trend.
3 levels of support to watch out:
a. the uptrend line support around 62.5
b. 200ema price support around 61.6
c. psychological round figure support 60.0