themarketzone

This is what happens when the 200 SMA line breaks

FX:SPX500   S&P 500 index of US listed shares
This is what happens when the 200 SMA line breaks and there's no Fed coming for rescue (summer vacation?.. ).
Last time it happened, in October 2014, the Fed helped by suggesting QE won't end (which eventually it did..)

1. The squeeze I mentioned in my Weekly Markets Analysis - Price was squeezed between the 200 SMA line (support and the 2100 resistance zone with the 50 SMA line (resistance).

2. The breakdown and the close below the 200 SMA line.

3. The 200 SMA line was tested from below and held as resistance for the time

The RESULT - 100 Points decline in $SPX            
Death cross has the last word
+1 Reply
agreed....some don't want to believe in the death cross.......I'm a believer..
+1 Reply
themarketzone PRO Rob Wallace Williams
People are still trying to find some uptrend lines that will save them.. I say it is final.. Even if they'll manage to rally I'd still prefer to be a seller than a buyer.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out