McMillan This past week saw further deterioration -- by the $SPX Index as well as the internal indicators. $SPX sold off, but then tried to snap back with a big rally on Thursday, but it is not all that convincing.
McMillan This past week saw further deterioration -- by the $SPX Index as well as the internal indicators.
$SPX sold off, but then tried to snap back with a big rally on Thursday, but it is not all that convincing.
It didn't even reach the declining 20-day Moving Average, much less challenge the downtrend (purple) line on the chart.
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McMillan This past week saw further deterioration -- by the $SPX Index as well as the internal indicators. $SPX sold off, but then tried to snap back with a big rally on Thursday, but it is not all that convincing. It didn't even reach the declining 20-day Moving Average, much less challenge the downtrend (purple) line on the chart.
But, in reality, the 100-point rally just seemed to be an oversold rally.
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