Post GFC has seen the S&P 500 more than quadruple in value.
Price had moved up steadily to touch,cross and retest the 200W MAV over 2010/2011. The moving averages 50/200 have been steadily rising in a golden relationship ever since.
Price has only tested the 200 W MAV in Feb 2016.
For the current year the S&P 500 is travelling sideways, not breaching the late Jan high, by testing the 50 W MAV.
Momentum in this index is waning. To reach the Jan 2018 high , divergence is clearly evident in price/volume and subtly noticed in stochastics. The MACD is approaching the 0 line.
So is there a fall about to take place ??? No one knows. Whats sure is the bulls are in control, and have been for the past 9 years.
It would not seem unreasonable , for price to retest the 200 MAV in the near future , and this would be evident with a clear break of the 50 MAV.
Price had moved up steadily to touch,cross and retest the 200W MAV over 2010/2011. The moving averages 50/200 have been steadily rising in a golden relationship ever since.
Price has only tested the 200 W MAV in Feb 2016.
For the current year the S&P 500 is travelling sideways, not breaching the late Jan high, by testing the 50 W MAV.
Momentum in this index is waning. To reach the Jan 2018 high , divergence is clearly evident in price/volume and subtly noticed in stochastics. The MACD is approaching the 0 line.
So is there a fall about to take place ??? No one knows. Whats sure is the bulls are in control, and have been for the past 9 years.
It would not seem unreasonable , for price to retest the 200 MAV in the near future , and this would be evident with a clear break of the 50 MAV.