The S&P and Germany Charts

By | June 17, 2015

There is an interesting juxtaposition of moving average support and resistance on the S&P 500 index chart and the iShares Germany (EWG) charts, which is my proxy for the state of Greek affairs. The S&P is backing off from its 50 day moving average, and the EWG, which had previously been supported by its 200 day moving average is, for the moment, breaking below it.

66617.SPXEWGcharts

Leave a Reply