Not much has happened so far this week as stocks have mostly paused the upward move at a sensible area. All eyes have been on the 200-day moving averages. That's not likely to change until the indexes move away from that level. shows the 200-day MA is close at hand as well as a down-sloping trendline and an RSI reading of 70+
August 17, 2022 Mid-week market update
August 17, 2022 Mid-week market update
August 17, 2022 Mid-week market update
Not much has happened so far this week as stocks have mostly paused the upward move at a sensible area. All eyes have been on the 200-day moving averages. That's not likely to change until the indexes move away from that level. shows the 200-day MA is close at hand as well as a down-sloping trendline and an RSI reading of 70+