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Waiting Game: 50/100ma crossed down


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#1 dTraderB

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Posted 11 April 2018 - 03:39 PM

....barely so, on a day when the bulls had a great opportunity to break out of the recent congestion. 

The 50ma crossed down below the 100ma, but barely so, and may be not THE deciding factor in market direction. See chart below.

The important SPX levels are: 

2696  - 50ma and 100ma

2672  - 5-day high

2658  - 20ma (next resistance level) YELLOW l

2642  - close today

2596 - 200ma

2586  - 5-day low

 

  SPX_APR11.jpg



#2 Chilidawgz

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Posted 11 April 2018 - 04:15 PM

highlows.jpg


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
 

#3 dTraderB

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Posted 12 April 2018 - 12:34 PM

Tested SPX 2670/75 FIVE times today

For the bullish case it MUST close above 2653; better yet, if it can close above 2672



#4 kaiser soze

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Posted 12 April 2018 - 01:11 PM

The way gold and oil are acting along with their equities, really smells like something big is in the air geopolitically.  Maybe its Syria, or N. Korea or Iran or perhaps something else. Or more shadow boxing with China and/or Russia. I'm thinking major geopolitical events will transpire soon, most likely in the next two weeks.