mgonzalez0521

market consolidation around 50 MA before trend continuation

FX:SPX500   S&P 500 index of US listed shares
44 0 2
ive noticed the market tends to consolidate around the 50 MA untill until the 200 MA catches up bouncing the trend to new highs.

possible consolidation between 2090 and 2060 zone until the price catches up to the 200 MA we will ether see new highs or a break down.

i expect continued volatility for the next month or 2 but its very possible the trend can still continue bullish and make new highs

ill link 2 charts provided by @codypd that can shine some more light on this.

S&P 100 consolidation - S1FI index shows there


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