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luisella

S&P 500 - The market to pause for a while?

S&P 500 Index (OANDA:SPX500USD)  
luisella  
OANDA:SPX500USD   S&P 500 Index
Wave Analysis SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) S&P 500 (SPX500) US SPX 500 sp500index
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waveanalysis spy spx spx500 spx500usd sp500index
The market appears to be stalling. Negative divergence hourly, and daily. Expect a 30 point+ pullback, then uptrend continuation to well above its 200 day SMA. Its normal to see the 200 SMA act as temporary resistance before it also cross above the 200 SMA as the DOW did recently. Lets see.
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