Technical Analysis – US 30 index stands below 50.0% Fibo; bullish correction in progress
The US 30 stock index (cash) found strong resistance at the 24,443 level and the 50-day simple moving average (SMA), returning back below the 50.0% Fibonacci retracement level of the downward wave from 29,582.61 to 18,145 at 23,866. Technically, the RSI indicator, holding in positive territory, is moving sideways with weak momentum, while the MACD […]
Technical Analysis – US 30 index stands below 50.0% Fibo; bullish correction in progress
The US 30 stock index (cash) found strong resistance at the 24,443 level and the 50-day simple moving average (SMA), returning back below the 50.0% Fibonacci retracement level of the downward wave from 29,582.61 to 18,145 at 23,866. Technically, the RSI indicator, holding in positive territory, is moving sideways with weak momentum, while the MACD […]
