Direction Of Moving Averages – Technical Analysis

In a blog post on Tuesday, I mentioned We objectively noted that the direction of a key moving average is more important than one or two closes above or below it. This statement was made in reference to the bearishness expressed by many when, just 2 1/2 weeks earlier, the $SPY closed below the advancing … Read More

Is The S&P 500 Closing in on Resistance?

Twelve days ago the $SPY made its second close below the advancing 200 day moving average. Amateur technicians spoke in unison about the bearishness of this event. We objectively noted that the direction of a key moving average is more important than one or two closes above or below it. From that intraday low to … Read More