SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : News Links and Chart Links
SPXL 222.70+1.6%Nov 28 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Les H3/15/2023 10:08:02 AM
1 Recommendation

Recommended By
Lee Lichterman III

   of 29600
 
At the highs of the session, the large-cap benchmark reached back to and tested recently broken support at the declining 200-day moving average, a test that had investors selling into the critical long-term hurdle. The long upper-wick candlestick below this hurdle and what is the confluence of major moving averages in the range of 3900 to 4000 appears highly threatening and suggests that the bears have control of the tape. Lower values for the benchmark is the obvious conclusion. Momentum indicators continue to take positions in the lower half of their ranges, which is characteristic of a bearish trend. The critical hurdle to watch on the downside is the December low at 3764; below this, the intermediate trend of higher-highs and higher-lows would no longer be intact, potentially unleashing the next wave of selling pressures as investors seek to contain risk within portfolios.

equityclock.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News