S&P 500 and FTSE 100 charts (Nov 02, 2018): bulls fight back but bears not ready to give up control yet
2 years ago
S&P 500 index chart patternThe following comments appeared in last week's post on the daily bar chart pattern of S&P 500: "RSI and Slow stochastic are showing positive divergences by not falling lower with the index. A likely technical bounce may face more selling by bears."The expected technical bounce took the index briefly above the Fibonacci support/resistance zone between 2689 and 2737 (shaded area on chart) when the index closed at 2740 on Thu. Nov 1. On Fri. Nov 2, the index touched an intra-day high of 2756, but faced resistance from its falling 20 day EMA and dropped back inside the support/resistance zone - forming a 'reversal day' bar (higher high, lower close) in the process.Daily technical indicators have corrected oversold conditions but are not showing much upward momentum. MACD has crossed above its signal line in bearish zone. RSI bounced up from the edge of its oversold zone, but has stopped short of its 50% level. Stochastic crossed above
You have shown
out of 3 allowed reactions for this News.
Abhishek Kapoor Reacts After Finally Knowing ...
Love Story Day 3 Box Office Collection: Naga ...
Khatron Ke Khiladi 11 Winner Arjun Bijlani Sa ...
Khatron Ke Khiladi 11 Winner: Arjun Bijlani L ...
Khatron Ke Khiladi 11 Grand Finale Highlights ...
Amitabh Bachchan And Ajay Devgn's Starrer May ...
Ananya Panday Is The Youngest Indian Celebrit ...
Bigg Boss OTT's Raqesh Bapat Reacts To Naysay ...
Ranveer Singh Makes A Major Announcement On 8 ...
Aamir Khan To Release Laal Singh Chaddha In C ...
Daughters' Day 2021: Amitabh Bachchcan, Neetu ...
Bigg Boss Telugu 5: Lahari Shari To Enter Sec ...
You may like
Amitabh Bachchan And Ajay Devgn's Starrer Mayday To Hit The Theatres Next Year On THIS Date!
Abhishek Kapoor Reacts After Finally Knowing Why His Acting Career 'Went Up In Smoke'
Love Story Day 3 Box Office Collection: Naga Chaitanya Starrer Is On A Roll!
Khatron Ke Khiladi 11 Winner Arjun Bijlani Says ‘Divyanka Tripathi & Vishal Aditya Singh Are Also Winners’
BIG MOVIE RELEASES COMING UP
Jennifer Lopez-Ben Affleck's PDA photos take internet by storm, romantic walk in New York is making fans swoon
Janhvi Kapoor, Varun Dhawan turn yoga buddies and perform tough aerial asanas, Malaika Arora reacts
Kangana Ranaut shares 'permanent stretch marks' after 'Thalaivii'
Ranbir Kapoor and Alia Bhatt jet off to Jodhpur ahead of his 39th birthday – See Pics!
Arjun Bijlani wins Khatron Ke Khiladi 11, says ‘big big thank you to all of you who supported me throughout my career’
Kapil Sharma shares cute photos of Anayra on Daughters Day - Check out
Khatron Ke Khiladi 11 Winner: Arjun Bijlani Lifts The Coveted Trophy & Rs 20 Lakh; Fans Congratulate!
Khatron Ke Khiladi 11 Grand Finale Highlights: Arjun Bijlani Wins The Show; Divyanka Is The First Runner-Up
'Bunty tera sabun slow hai kya' actor Avneet Kaur drops stunning pole dance video - WATCH
Janhvi Kapoor looks breathtaking in neon green co-ord set, see latest photos
Raqesh Bapat calls fan 'naughty' for asking THIS question about Shamita Shetty - details inside
Deepika Padukone shares unseen photo of Ranveer Singh from '83', makes big announcement about film's release
Shilpa Shetty's latest video featuring her baby girl Samisha on Daughters' Day will melt your heart - WATCH
Suhana Khan's photos from her night out in New York go VIRAL! Star kid looks stunning in sexy strapless bodycon dress
Shahid Kapoor announces new release date for 'Jersey'
Ayushmann Khurrana's 'Chandigarh Kare Aashiqui' all set to release in December
Urfi Javed embraces acne and marks by going backless yet again, says 'could have easily edited it'
Nora Fatehi looks sexy in bralette with plunging neckline, skirt with thigh-high slit from Abu Jani Sandeep Khosla
Kapil Sharma drops adorable pictures of his baby girl Anayra on Daughters' Day 2021