The S&P 500 is in a downtrend since Oct 10th. It is below its 200-day SMA which acted as resistance on Nov 14th.
The Nasdaq 100 is faring a little bit better, sitting between its 50-day and 200-day SMAs. The 200-day SMA could act as support again as it did in August.
The Russell 2000 has been the weakest of the bunch for a while now, failing to beat the July highs in October. It is below the 50-day SMA which itself is below the 200-day SMA.
March 28th, 2024: SP-500 Chart Update
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12:35 pm EST: The SP-500 opened flat from 5249 and has traded sidesway
between 4948 and 4956… Key Technical Indicators (Short to Intermediate
Term) Prin...
5 hours ago
1 comment:
I find EMA to be a better indicator.
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