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Replies to #721 on Chart Ideas

rimshot

02/12/19 10:49 AM

#725 RE: rimshot #721

$SPX 126-day sma = 2735.46

vs.

2735.71 morning high on Tuesday February 12, 2019, so far

126 trading days = two quarters of duration

** a lasting price advance above the 126-day simple moving average for $SPX will represent a bullish confirmation signature

$SPX 2-hour chart displays the technical environment with the
USO and the UUP price action -

* the $SPX 55-period ema has provided support since early January 2019, a bullish characteristic while the condition continues

http://stockcharts.com/h-sc/ui?s=%24SPX&p=120&yr=0&mn=1&dy=15&id=p5429505208c&a=625257080