When there are no traditional fundamentals to value an asset, technical analysis can provide more insight than people realize. Notice how some simple moving averages and Fibonacci retracement levels have acted as both support and resistance during the recent volatility. The daily chart above shows … Read More
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 … Read More
The “Death Cross” is a supposedly bearish event which is characterized by the 50 day moving average crossing down through the 200 day moving average. When a market experiences a “death cross” it is supposed to be a negative for the market going forward. WHen … Read More
