Here is an interesting chart. I read someone earlier today who suggested the 5 period MA on the monthly chart. The context was watch for the current market action to return to the 5 period MA on the monthly and then short.
So I combined the 5 and the 12 MA's on the monthly SPX and indeed we just had a crossover...shaky ground indeed.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.