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.


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