SP 500 EOD ANALYSIS
- SP 500 Index has closed on a positive note.
- This is the second attempt of reversal from this channel.
- First time it was failed and resistance was just below the 20 day moving average
- 2nd time the index has closed below 20 day SMA. But this time the reversal may happend
- If you are a moving average crossover trader, I have plotter the 5 day EMA and the 20 day SMA the crossover has not yet done. One can also combine the MACD crossover to make it a better entry. Both the crossovers are yet to happen.
THANK YOU
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