Technical Analysis – US 500 index bounces off 23.6% Fibo; shows positive signs

The US 500 cash index rebounded off the 3,885 support level and the medium-term uptrend line. Also, the market surpassed the bullish crossover within the 50- and 100-day simple moving averages (SMAs) with the technical oscillator confirming the recent pullback. The RSI jumped above the neutral threshold of 50, while the MACD is extending its […]