Times when the S&P500's 50MA is declining combined with a spike in the % of stocks above their 20MA (lower pane). Note that the $SPX is drawing near its 50MA, which could act as a potential level of overhead resistance. Also notice the declining volume during this bear rally. pic.twitter.com/FJlw5bOPUS — Adam D. Koós, CFP®, […]
Chart of the Day – Monday, August 19th 2019
Today’s Chart of the Day was shared on Twitter by Adam Koos of Libertas Wealth Management Group (@AdamKoos). It is a daily candlestick chart of the S&P 500 index. The chart serves as a good roadmap for investors looking to buy the August pullback. Adam notes some bullish technical developments that have taken place. 1.) A positive […]