Sunday, April 23, 2017
Posted by Declan Fallon at 10:57 PM
Monday, April 17, 2017
The S&P is on the verge of a 'death cross' between 20-day and 50-day MAs as the rally finished just below the 50-day MA. The consolidation channel remains in play and this should see higher prices in the latter part of the year, but for now, it's drifting down in a relatively controlled manner.
Posted by Declan Fallon at 9:28 PM
Sunday, April 16, 2017
The S&P wasn't the biggest loser on Friday and this was reflected in the relative improvement of the index to its peers. The downward channel could still play as a 'bull flag', but if there is to happen it will have to rally when it hits channel support just below 2,322. Selling volume has been light, although there is a general distribution trend in On-Balance-Volume.
Posted by Declan Fallon at 10:12 PM
Wednesday, April 12, 2017
Posted by Declan Fallon at 10:44 PM