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S&P 500 Bears Remain In The Driver's Seat

EQUITY TECHS
  • We use a moving average (MA) study to monitor long-term trends in the markets.
  • This looks at the slope of the MA to determine the direction of a trend.
  • Currently, this trend indicator highlights a dominant downtrend in the S&P 500 Index and suggests that the latest recovery is a correction.
  • Price is approaching an area of resistance known as a sell-zone where a reversal, if seen, would signal a resumption of the medium-term downtrend.
  • To view analysis: S&P trend analysis.

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