Hi Traders The US500 is running at the rate of 2791.15 and went up strong
After it made a severe plunged last midst December, Cross moving average on EMA50 and EMA20 seen
At the level 2610.70 which EMA50 is moving above EMA20 proposing a buy signal.
Relative strength index is near at overbought territory which expressing a short sell position.
The stock market is in the short term overbought territory. Nasdaq was recorded to increase by 0.19 percent, Russell 2000 gained 0.33 percent, and S&P 500 rose by 10.89%, gaining an entire year’s worth. Leading the sectors were the utilities and materials. Meanwhile, healthcare and industrials sectors fell down by 0.25 and 0.07 percent respectively.
After it made a severe plunged last midst December, Cross moving average on EMA50 and EMA20 seen
At the level 2610.70 which EMA50 is moving above EMA20 proposing a buy signal.
Relative strength index is near at overbought territory which expressing a short sell position.
The stock market is in the short term overbought territory. Nasdaq was recorded to increase by 0.19 percent, Russell 2000 gained 0.33 percent, and S&P 500 rose by 10.89%, gaining an entire year’s worth. Leading the sectors were the utilities and materials. Meanwhile, healthcare and industrials sectors fell down by 0.25 and 0.07 percent respectively.