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November 22, 2015
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Will the Rally Continue? The S&P 500 Index Is Approaching All-Time Highs
The S&P 500 Index is coming into resistance (which is looming large) near all-time highs.
x
via StockCharts.com.
On the other hand, the Index is nicely above support, and back above its 200-day moving average.
Meanwhile, a growing number of issues are back above their 200-day moving averages. Click here to see a live chart of that.
This is a seasonally good time of year for a breakout move like that to happen.
Worth watching.
Posted at 07:12 PM in Current Affairs, Market Commentary, Trading, Trading Tools | Permalink
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