End of the Month S&P 500 Multiple Timeframe Check

By | September 30, 2015

99930.dailychart

Short term: the 5, 10, and 20 day moving averages are trending down, but a bullish morningstar reversal pattern has formed on the daily chart in the area of the August low.

99930.Weeklychart

Intermediate term: the 50 day moving average is trending down, but a bullish hammer candle formed on the weekly chart at a key technical support level.

99930.Monthlychart

Long term: the 150 and 200 day moving averages are trending down, the index has crossed below a long term uptrend line, and the MacD made a bearish crossover.

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