S&P 500 & Dow Technical Analysis-Consolidating or Ready to Roll Over?
S&P 500/Dow Highlights:
A week ago, the S&P 500 broke out over the pattern line reaching out down confidentially high, this week has up to this point and most likely will proceed through the finish of today, be simply a peaceful seven day stretch of cleaving sideways.
The cleave sideways after a solid push off the 2016 pattern line/200-day is seen as sound as long as we don't see a sudden drop down underneath the as of late caught downtrend line. The rally off the month to month low likewise took the market past the April high, another productive positive.
Until further notice, we'll keep running with the idea the market will attempt and run higher, maybe to the March crest a little more than 2800, a view which will be discredited either on a disappointment from current levels or fizzled push higher bringing about a solid inversion in force.
What's your assessment on the Gold and Silver? Offer your considerations with us utilizing the remarks area toward the finish of the article.
S&P 500 Daily Chart
Dow discovering trouble around April high
Clearly, the Dow has a comparative specialized structure to that of the S&P 500, however not at all like the more extensive record it presently can't seem to keep up over the April swing-high. A push over the week after week high at 24994 will have the 25449 swing-high next up as protection.
Dow Daily Chart
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- S&P 500 hanging out after t-line break, higher-high
- Dow discovering trouble around April high
A week ago, the S&P 500 broke out over the pattern line reaching out down confidentially high, this week has up to this point and most likely will proceed through the finish of today, be simply a peaceful seven day stretch of cleaving sideways.
The cleave sideways after a solid push off the 2016 pattern line/200-day is seen as sound as long as we don't see a sudden drop down underneath the as of late caught downtrend line. The rally off the month to month low likewise took the market past the April high, another productive positive.
Until further notice, we'll keep running with the idea the market will attempt and run higher, maybe to the March crest a little more than 2800, a view which will be discredited either on a disappointment from current levels or fizzled push higher bringing about a solid inversion in force.
What's your assessment on the Gold and Silver? Offer your considerations with us utilizing the remarks area toward the finish of the article.
S&P 500 Daily Chart
Dow discovering trouble around April high
Clearly, the Dow has a comparative specialized structure to that of the S&P 500, however not at all like the more extensive record it presently can't seem to keep up over the April swing-high. A push over the week after week high at 24994 will have the 25449 swing-high next up as protection.
Dow Daily Chart
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