3 · S&P 500 — technical read (daily chart) For the daily chart, we first look at MACD, which shows changes in market momentum. We then check the 50-day and 200-day moving averages and the flow of trading money to see whether buyers or sellers have more control. Together, these indicators suggest one way to approach the week; they do not predict what will happen. S&P 500 (^GSPC), daily — Yahoo Finance; close 16 Oct 7,659.44 (−1.09%). Market signal summary — short-term downtrend, long-term uptrend: The S&P 500 closed at 7,659.44 on 16 October, down 1.09% for the day and about 2% for the week. The index fell below its 50-day moving average near 7,700, while MACD crossed below its signal line, both pointing to weakening short-term momentum. However, the index remained about 5% abov
Market Turnaround! Is the Crisis Over?
After another black monday overnight trading, us stocks closed up as trump taco. Is the crisis over? Have you bought the dip?
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