S&P 500 price (SPI:SP500) has already generated a bearish signal, following a recent bullish movement, which started in November 2020.
Price has crossed the EMA 21 to the downside and the Williams’ % Range
period 20 is now sloping towards the oversold region.
The market closes below the EMA 21 and the Williams’ % Range goes into
the oversold region = Sell signal.
The outlook for S&P 500 is bearish for the year 2021, as price would
seriously go into the oversold territory.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Teach Yourself Technical Analysis: https://www.advfnbooks.com/books/techanalysis/index.html
No comments:
Post a Comment