S&P 500 and FTSE 100 charts (Feb 01, 2019): pullback rallies gain ground
8 months ago
S&P 500 index chart patternThe daily bar chart pattern of SPX 500 shows a dash for glory by bulls that got halted inside the Fibonacci resistance zone between 2640 and 2710 (which are the 50% and 61.8% retracement levels respectively of the correction from the Oct 3 top of 2940 to the Dec 26 low of 2347).In a 'V' shaped counter-trend rally from its Dec 26 low, the index had broken out above its 50 day EMA on Jan 17. For the next 6 trading sessions, it consolidated sideways - receiving good support from its 50 day EMA.On Thu. Jan 31, the index closed above its 200 day EMA in bull territory after 2 months, but bears were not yet ready to give up control. The index gained ~1.6% for the week, but failed to close above the resistance zone.Daily technical indicators are looking bullish and overbought. MACD is rising above its signal line in overbought zone. RSI is above its 50% level, but its upward momentum has weakened. Slow stochastic is rising inside its overbought zon
You have shown
out of 3 allowed reactions for this News.
India at sea in Salt Lake draw with Banglades ...
Dutee blames Doha heat for poor show at World ...
Anderlecht fined for naming Vincent Kompany a ...
Sachin Tendulkar expresses confidence in 'Dad ...
'Would like Virat to focus on winning big tro ...
No trials for Mary Kom, hints boxing federati ...
Dressing room very disappointed with performa ...
Full-time coach is a must for Indian team: Jo ...
Viv Richards inspired me to be the cricketer ...
Alexis Sanchez may require surgery for ankle ...
Manika Batra focused on returning to top-50 ...
Brooks Koepka leads big guns rolling in for P ...
You may like
Munthiri Monchan - Official Teaser
R Madhavan wishes wife Sarita in an adorable birthday post; says, 'we so shamelessly lean so hard on you'
Indian-American beauty Shree Saini collapses before the final night of Miss World America pageant
‘Pati Patni Aur Woh’ new poster is out
Kiara Advani turns into a fierce boss lady for latest photoshoot
Varun & Sara spotted on the sets of the film
Sanya Malhotra channels her inner Madhuri Dixit as she dances to 'Humko Aaj Kal Hai Intezaar'
Kalki Koechlin is giving major fashion goals to expecting moms with her black halter dress
Alia Bhatt reveals she started crying during 'Sadak 2' shooting after watching Mahesh Bhatt getting emotional
Bebo to Alia: Don't sell your talent cheap
Exc: Alia in talks for Sudha Murthy biopic?
Kareena is taking keen interest in styling Sara
Box office: Records broken by 'War' till now
Meet the hottest single ladies of Bollywood!
Madhuri shares pics from her Seychelles vacay
Ananya gets snapped post her shooting schedule
Ileana comments 'Chocolate boy' on Varun's post
Saif-Bebo anniversary: Candid pics of couple
Shah Rukh to work with Tamil filmmaker Atlee?
Photo: Ranveer Singh activates beast mode!
From Alia Bhatt to Jacqueline Fernandez, here's what celebs post on social media
Pics: Shahid gets snapped post his gym session
Rajkummar Rao reveals that he was initially approached for 'Dostana 2'
Rajkummar Rao gifts himself a superbike that costs a whopping Rs 16.5 lakh