SPX - 20DMA could be the next moving average to visit
$S&P 500(.SPX)$ : From testing its 5DMA yesterday to the 10DMA today.
This sequence suggests the 20DMA could be the next moving average to visit. However, there is a lack of conviction from the bears, as the price bounced today from a critical weekly level.
This price action suggests that patience is key. As noted in the Weekly Compass last Saturday, a rally that vanishes during the week remains a possibility.
A chart displaying the S&P 500 index on a daily timeframe. Candlestick patterns show price movements with green and red bars. Moving averages labeled 5 MA, 10 MA, and 20 MA are overlaid in yellow, blue, and purple lines. A purple Bollinger Band curve and a lower indicator with blue and orange lines are visible. A watermark reading "S/R SmartReversals" is present.
For whom haven't open CBA can know more from below:
🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!
Find out more here：
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
