Of the 3 markets that I trade, the S&P 500 is the first one to get a new trendline as it makes a lower low. The 200-ema has been acting somewhat as resistance. This chart looks very bearish to me.
The Nasdaq 100 just broke its trendline. But this chart is still fairly bullish, with the 50-ema just above the 200-ema.
The trendline is still intact for the Russell 2000. But for how long?
We could be at the start of a new correction in the markets after the decent rally that we have experienced since mid-March. As always, time will tell.
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...
9 hours ago
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